For the seventh year in a row countries around the world have spent record sums of money on weapons – even BEFORE Russia’s war in Ukraine started. The biggest spenders were the United States, China, India, the United Kingdom, Russia, France, and Germany. Together they account for about two-thirds of global military expenditure. China’s military spending grew for the 27th consecutive year. But how is this new spending norm change nation’s budgets for other sectors?
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