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Global military expenditure reaches over $2.4 trillion in 2023

Global military expenditure reaches over $2.4 trillion in 2023

The wars conflicts and Rising security concerns are forcing countries around the world to increase their military spending. Global military spending reached a record high in 2023 surging 6.8% to almost 2.5 trillion dollar. This marks the ninth consecutive year of increase with 2023 being the steepest rise since 2009. Watch in for more details!