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Global Arms Spending Up 6 Percent, Says Stockholm Report

June 03 2010

Sweden

Military expenditures worldwide jumped nearly 6 percent over the last year, according to a Stockholm International Peace Research Institute (SIPRI) report cited by Deutsche Welle.

Total military spending in 2009 reached about US$1.5 trillion, an increase of 5.9 percent over the previous year.

Increased government spending aimed at combating the economic recession may have been behind some of the growth, SIPRI researchers said.

The U.S. increased spending by US$47 billion,...

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