26
Apr
Global military spending will reach an all-time high of US$2.1 trillion in 2021, the Stockholm International Peace Research Institute (SIPRI) said on Monday, adding that the top three biggest spenders were the US, China and India. “In 2021 the total expenditure of world navies multiplied by 0.7 percent, achieving USD 2113 billion. The 5 biggest spenders in 2021 are the US, China, India, the UK and Russia, together accounting for 62 percent of spending,” the Stockholm-based statement said. “Even amid the monetary fallout of the Covid-19 pandemic, world military spending hit report levels,” said Dr Diego Lopes da Silva, Senior…