[QODLink]
Europe
Survey shows decline in military spending
Annual survey points to overall decline in weapons spending and reduction in stockpiles of nuclear weapons.
Last Modified: 04 Jun 2012 10:40

Global stockpiles of nuclear weapons are getting smaller, according to the latest survey of security spending by the Stockholm International Peace Research Institute (SIPRI).

The annual survey of spending in 172 countries showed that many countries were getting rid of obsolete weaponry, SIPRI said.  

But while some nations are being forced to cut their defence budgets, others are updating their nuclear capabilities. 

In Russia, military spending rose nearly 10 per cent to $71.9bn, making it the third largest military spender worldwide.

China increased its military spending by $8.2bn dollars to $143bn, an increase of six per cent over last year.

But the spending of all other powers remained dwarfed by the US, which spent $711bn - more than the rest of the top 10 combined.

Al Jazeera's Peter Sharp reports.

127

Source:
Al Jazeera
Topics in this article
People
Country
Organisation
Featured on Al Jazeera
Muslim volunteers face questioning and threat of arrest, while aid has been disrupted or blocked, charities say.
Six months on, outrage and sorrow over the mass schoolgirl abduction has disappeared - except for families in Nigeria.
ISIL combatants seeking an 'exit strategy' from Mideast conflict need positive reinforcement back home, analysts say.
European nation hit by a wave of Islamophobia as many young fighters join ISIL in Syria and Iraq.
Featured
Lack of child protection laws means abandoned and orphaned kids rely heavily on the care of strangers.
At least 25 tax collectors have been killed since 2012 in Mogadishu, a city awash in weapons and abject poverty.
Since she was 16-years-old, Scottish Nationalist Party's Sturgeon has strove for independence from the UK.
Armed group's ransom success with German hostages marks a re-emergence, as authorities investigate ISIL links.
Western nations are moving into the resource-rich country after decades of disinterest, challenging China's interests.