U.S. spent more on military in 2022 than next 10 countries combined
Countries around the world spent a combined $2.24 trillion on their militaries last year, a 3.7% increase on last year’s previous record high when adjusted for inflation, according to an annual report from the Stockholm International Peace Research Institute (SIPRI). The big picture: Many of the biggest increases came in Europe as countries responded to Russia’s invasion of Ukraine. The U.S.…
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