The Cost of the Military
Each year, the Stockholm International Peace Research Institute (SIPRI) publishes a study on the amount world governments spend on their militaries. The 2011 report was released this week, showing that all countries together spent $1.7 trillion. The Guardian has a helpful country-by-country data page and interactive map. The top 5 in the world last year, totaling $1.05 trillion, were:
U. S. - $711 billion
China - $143 billion
Russia - $72 billion
Britain - $63 billion
France - $62 billion
In contrast, the budget for UN Peacekeeping operations for fiscal year July 2011-30 June 2012 is about $7.84 billion. That’s 0.5 percent of what the world spends on its militaries.
It’s a stark example of the world’s misguided priorities.