What will be the impact of increased military spending?

Global Military Spending and UN Budget Crisis

Global Military Spending and UN Budget Crisis

• Global military spending reached $2,718 billion in 2024, a 9.4% increase from 1988.

• NATO pledged to increase military spending to 5% of member nations’ GDP by 2035.

• Top five military spenders are the United States, China, Russia, Germany, and India.

• All NATO members combined spent $1,506 billion, making up around 55% of global military spending.

• The UN’s budget was reduced to $29 billion due to a $6 billion shortfall in six months.

• The U.S.’s remilitarization wave threatens to eliminate gains made from declining military expenditures post-Cold War.

• Increased military spending has a crowding-out effect on domestic government health spending, borne more by middle- and low-income countries.

UN’s Military Spending Crisis and Impact on Global Expenditures

• The UN’s military spending of $2.7 trillion is disproportionately high compared to other global expenditures