Arms race redux – SIPRI’s latest military expenditure data

World military spending is going up, according to data released this week by the Stockholm International Peace Research Institute (SIPRI), the most authoritative and comprehensive international source on military expenditure.1 According to SIPRI, the world total increased by 2.6% in real, inflation-adjusted terms, reaching an estimated $1,822 billion. The figure is almost certainly an underestimate, given that some countries are completely excluded due to a lack of data (notably Qatar, Syria, and North Korea). A number of other countries, typically those with large natural resource revenues such as the Gulf states, often exclude spending on arms imports from the limited information they publish, funding such purchases directly from oil revenues without including them in the official budget.

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Shifting priorities, then and now

“Social reforms which involve expenditure are at a standstill; we are making drastic cuts in the supplies for education and for housing; our hospitals are seriously embarrassed; our industries are crippled; our unemployed number more than 1,500,000, and yet in the last financial year we spent more than 23 million upon armaments. No wonder the taxpayer grumbles and the financiers shakes their heads.”

– Major General Sir Frederick (Barton) Maurice in 1921 (1)

Today, Monday 14 April, we are taking action with people across the world to challenge military spending and to say it’s time to shift priorities and fund human needs, not war. Meanwhile, researchers for Selling to Both Sides: the arms trade and the First World War have been exploring debates about military spending before and after the First World War, and the parallels with today.
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