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Soaring US ‘defense' budget helped drive world military spending to 10-year high in 2019


Added 02-14-20 07:37:02pm EST - “Global military expenditures in 2019 saw their largest increase in 10 years, propelled in no small part by skyrocketing US "defense" budgets, which continue to dwarf some of the world's next largest spenders combined.” - Rt.com

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Posted By TheNewsCommenter: From Rt.com: “Soaring US ‘defense’ budget helped drive world military spending to 10-year high in 2019”. Below is an excerpt from the article.

Military spending among 170 countries jumped by 4 percent in 2019 compared to the prior year, sending the total to its highest level in a decade, according to an annual assessment released on Friday by the International Institute for Strategic Studies (IISS).

Global defence spending has reached its highest level in a decade, IISS #MilitaryBalance data published today shows. Find out more in The Military Balance 2020 – OUT NOW | https://t.co/4sQPYYuTVVpic.twitter.com/OL2ZPfvRIn

While the new report attributes the soaring pay-outs to an “unstable international security environment,” Washington’s massive $53.4 billion “defense” hike – roughly equal to the UK’s entire military budget – played an outsized role in driving the numbers to their current 10-year record high.

China placed second on the list, spending around $181 billion last year as Beijing continues to modernize and expand its armed forces. Compared to 2018, both Washington and Beijing’s military budgets grew by some 6.6 percent, but while growth was similar between the two countries, the trends are “diverging” and the US is widening the gap, according to IISS research fellow Lucie Béraud-Sudreau.

“The budget increase in the US was the largest in 10 years, and spending has increased year-on-year since US President Donald Trump took office,” Béraud-Sudreau wrote in a blog post. “While spending is still rising in China, the pace of growth is decelerating.”

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