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World military spending stops increasing but there are still big spenders out there

Tuesday, 17 April 2012
The economic crisis is also evident in military purchases worldwide, according to the newest report from the International Peace Research Institute in Stockholm, SIPRI.

The world's countries spend some more than $ 1.7 trillion in arms purchase in 2011. It's just a little more than a year earlier. U.S., UK, Germany and France reduced their defense budget properly, as well as India and Brazil.

In return, Russia increased its military spending by over 9 per cent also China with 6.7 percent. United States spends is still clearly the country that spends most in defense, the country accounts for 42 percent of world arms purchases. China comes in second. Russia has overtaken France and Britain and is third.
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