{"id":29804,"date":"2025-09-10T06:05:12","date_gmt":"2025-09-10T10:05:12","guid":{"rendered":"https:\/\/design-providers.com\/rise\/military-spending-worldwide-hits-record-2-7-trillion\/"},"modified":"2025-09-10T06:05:13","modified_gmt":"2025-09-10T10:05:13","slug":"military-spending-worldwide-hits-record-2-7-trillion","status":"publish","type":"post","link":"https:\/\/design-providers.com\/rise\/military-spending-worldwide-hits-record-2-7-trillion\/","title":{"rendered":"Military spending worldwide hits record $2.7 trillion"},"content":{"rendered":"\n

\u201cThe world is spending far more on waging war than in building peace<\/strong>,\u201d the UN Secretary-General Ant\u00f3nio Guterres<\/a> said at a press briefing for his new\u00a0report<\/a> on the threat posed by the steady rise in military expenditure.<\/p>\n

Spending on security needs increased across all five global regions during 2024, marking the steepest year-on-year rise for at least the last three decades. Compared to the $2.7 trillion directed to military budgets, the world could eliminate extreme poverty for just under $300 billion.<\/p>\n

\u201cA more secure world begins by investing at least as much in fighting poverty as we do in fighting wars<\/strong>,\u201d said Mr. Guterres<\/a>.<\/p>\n

A choice between aid or arms<\/strong><\/h2>\n

The alarming amount spent on arms-related costs last year alone is 750 times the 2024 UN regular budget. It also equates to almost 13 times the development assistance provided by the OECD\u2019s<\/a> development assistance committee in 2024, indicating a stark trade-off between military expenditure and sustainable development.<\/p>\n

\u201cRedirecting even a fraction of today\u2019s military spending could close vital gaps<\/strong> \u2013 putting children in school, strengthening primary health care, expanding clean energy and resilient infrastructure, and protecting the most vulnerable,\u201d said Mr. Guterres.<\/p>\n

For a small portion of what was invested in militaries this past year \u2013 and the previous decade \u2013 the world could fund education for every student in low and lower middle-income countries, eliminate child malnutrition globally, fund climate change adaptation in the developing world, and bring the international community closer to achieving the Sustainable Development Goals<\/a> (SDGs), the UN estimates.<\/p>\n

\u201cRebalancing global priorities is not optional \u2013 it is an imperative for humanity\u2019s survival,\u201d said the UN disarmament chief Izumi Nakamitsu at the press briefing.<\/p>\n

\u2018Sustainable development is in jeopardy\u2019<\/strong><\/h2>\n

With only one of the five of the SDGs on track, Mr. Guterres stressed that \u201cour shared promise of sustainable development is in jeopardy.\u201d<\/p>\n

While more is being spent on militaries, less is being spent for social investment, poverty reduction, education, health, environmental protection and infrastructure \u2013 hindering progress on nearly all the SDGs and undermining the UN Charter, the UN\u2019s cornerstone document.\u00a0<\/p>\n

\u201cBut we know that development is a driver of security and multilateral development cooperation works,\u201d said UN Development Programme (UNDP<\/a>) deputy chief Haoliang Xu.<\/p>\n

\u201cWhen people\u2019s lives improve, when they have access to education, healthcare, economic opportunities and when they can live lives of dignity and self determination, we will have more peaceful societies and a more peaceful world<\/strong>.\u201d<\/p>\n

A new security approach<\/strong><\/h2>\n

“Investing in people is investing in the first line of defense against violence in any society,\u201d said Mr. Guterres.<\/p>\n

The report calls for a more human-centered and multidimensional approach that priorities diplomacy, international cooperation, and paves the way for sustainable development.<\/p>\n

In a vicious cycle, lack of economic opportunity, poverty, and underdevelopment breeds instability \u2013 fuelling violence and a rise in State expenditure on the military, the UN report contends.<\/p>\n

Investing in development and sustainable security has the potential to stop today\u2019s arms race and alleviate the need for military spending.\u00a0<\/p>\n

\u201cThe evidence is clear: excessive military spending does not guarantee peace<\/strong>,\u201d said Mr. Guterres. \u201cIt often undermines it \u2013 fuelling arms races, deepening mistrust, and diverting resources from the very foundations of stability.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cThe world is spending far more on waging war than in building peace,\u201d the UN Secretary-General Ant\u00f3nio Guterres said at a press briefing for his new\u00a0report on the threat posed by the steady rise in military expenditure. Spending on security needs increased across all five global regions during 2024, marking the steepest year-on-year rise for 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