World Military Spending Reaches All-time High of $2.24 Trillion 

World military spending reached an all-time high of $2.24 trillion in 2022, as Russia’s invasion of Ukraine fuelled a sharp jump in military spending across Europe. <br />The Stockholm International Peace Research Institute says in its annual report on global military expenditure that Global spending rose for the eighth consecutive year. <br />SIPRI says most of that was linked to Russia and Ukraine, but other countries also stepped up military spending in response to perceived Russian threats. <br />Nan Tian, senior researcher with SIPRI’s Military Expenditure and Arms Production Programme says the continuous rise in global military expenditure in recent years is a sign that we are living in an increasingly insecure world.