World Military Spending Increased, Institute Says
World military spending grew 2% last year, according to official figures, but the increase is much bigger when outlays prompted by the Sept. 11 attacks are included, a security policy think tank said.
“World military expenditure in 2001 is estimated at $839 billion,” the Stockholm International Peace Research Institute said in the 33rd edition of its yearbook.
“I’m sure the increase will be much larger due to Sept. 11, which has led to additional expenditure in the United States but also in other countries,” the institute’s Elisabeth Skons said in Stockholm.
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