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Global military spending hits over trillion Original Source Link: (May no longer be active)    http://today.reuters.com/news/newsarticle.aspx?type=topNews&storyid=2006-06-12T114509Z_01_L12351514_RTRUKOC_0_US-ARMS-SPENDING.xml&src=rss&rpc=22 http://today.reuters.com/news/newsarticle.aspx?type=topNews&storyid=2006-06-12T114509Z_01_L12351514_RTRUKOC_0_US-ARMS-SPENDING.xml&src=rss&rpc=22 Global military spend hits $1.12 trillion: report Mon Jun 12, 2006 7:45 AM ET STOCKHOLM (Reuters) - U.S. spending in Iraq and Afghanistan helped push up global 2005 military expenditure by 3.5 percent to $1.12 trillion, a research body said on Monday. Several countries, including Saudi Arabia and Russia, benefited from the rise in prices for minerals and fossil fuels to boost their military spending, the Stockholm International Peace Research Institute (SIPRI) said in its latest yearbook. "The USA is responsible for 48 percent of the world total, distantly followed by the UK, France, Japan and China with 4 to 5 percent each," the Swedish government-funded institute added. It said U.S. spending was behind about 80 percent of the gain in 2005. Spending on weapons accounted for 2.5 percent of the world's gross domestic product, or average spending of $173 per capita. A process of concentration of spending continued in 2005, it added, as 15 countries with the highest spending accounted for 84 percent of the world total. The global rise in raw materials' prices helped some countries to spend more on weapons. "This is reflected especially in Algeria, Azerbaijan, Russia and Saudi Arabia, where increased proceeds from oil and gas exploitation have boosted government revenues and freed up funds for military spending," it added. China and India also increased spending. "In absolute terms, their current spending is only a fraction of the USA's. Their increases are largely commensurate with their economic growth," the institute said.

afghanistan africa alqaeda asia china cuba eastern-europe haiti iran iraq israel kashmir latin-america mideast-misc muslim-empire north-korea pakistan russia saudi-arabia syria turkey united-states venezuela Anand questions support war on terrorism { September 9 2003 } Belfast police station bombed { June 6 2002 } Bush goes offensive european critics aids { May 21 2003 } Canada liberals defeated in elections { June 29 2004 } Canadian liberals face loss after 12 years { December 2006 } Canadians elect fragile conservative government { January 23 2006 } Children increasing used as soldiers Fake macedonia terror tale and deaths { May 17 2004 } Food prices causing world social unrest { March 2008 } Fueling terrorism { November 21 2002 } Global apartheid africa iraq { December 23 2002 } Global military spending hits over trillion Global military spending tops one trillion { June 7 2005 } Ira accused of betraying dublin { February 22 2005 } Irish group designated terrorists Italian prime minister silvio berusconi media mogul Japan missing plutonium { January 28 2003 } Journalists killed by military at high rate No evidence for victories in terror war Pakistanis blame america for sectarian violence { May 31 2005 } Serbian prime minister shot { March 13 2003 } Study says conflicts genocide are in decline { October 18 2005 } Terrorism kills tiny number compared to war This war on terror is bogus { September 6 2003 } Top general says war on terror will last generations { December 13 2006 } Usps iodide pills { December 3 2002 } War on terror breeds terrorism { March 11 2004 } Widening violence in poor nations { September 17 2004 } Files Listed: 28

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