Military spending near record high.
Author | Renner, Michael |
Position | ENVIRONMENTAL INTELLIGENCE |
Global military expenditures hit $1.04 trillion in 2004 ($975 billion in inflation-adjusted 2003 dollars), nearing the historic peak of 1987-88, according to a June report by the Stockholm International Peace Research Institute (SIPRI). In a world where billions of people struggle to survive on $1-2 per day, governments spent on average $162 per person on weapons and soldiers.
Military spending fell with the end of the Cold War but began to climb again after 1998, increasing dramatically in the aftermath of September 11, 2001. Between 1995 and 2004, expenditures rose by 23 percent after inflation. The steepest increases, in percentage terms, took place in Central Asia, North Africa, South Asia, and North America. Only in Central and South America and in Western Europe did expenditures rise less than 10 percent.
The United States spends almost as much as the rest of the world combined: $455 billion in 2004, or 47 percent of the global total, reports SIPRI. U.S. military operations in Afghanistan and Iraq have been funded through supplementary appropriations of about $238 billion in fiscal years 2002-05, on top of the regular military budget. These supplementary funds alone exceed the $193 billion spent on the military by the entire developing world in 2004.
The top 15 spenders in 2004 accounted for $799 billion, or 82...
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