{"id":210352,"date":"2025-04-28T08:24:02","date_gmt":"2025-04-28T08:24:02","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/finance\/global-defense-budgets-surge-to-2-7-trillion-as-europe-and-middle-east-lead-steepest-increase-since-cold-war-report\/"},"modified":"2025-04-28T08:24:02","modified_gmt":"2025-04-28T08:24:02","slug":"global-defense-budgets-surge-to-2-7-trillion-as-europe-and-middle-east-lead-steepest-increase-since-cold-war-report","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=210352","title":{"rendered":"Global Defense Budgets Surge To $2.7 Trillion As Europe And Middle East Lead Steepest Increase Since Cold War: Report"},"content":{"rendered":"<p> <br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/cdn.benzinga.com\/files\/images\/story\/2025\/04\/28\/Defense--military-shutterstock-152194073.jpeg?optimize=medium&amp;dpr=1&amp;auto=webp&amp;height=675&amp;width=1200&amp;fit=crop\" \/><\/p>\n<div id=\"article-body\" itemprop=\"articleBody\" itemscope=\"\" itemtype=\"https:\/\/schema.org\/Article\">\n<div>\n<p>Global defense budgets reached unprecedented levels in 2024, driven by mounting conflicts and geopolitical strains. A new report from the Stockholm International Peace Research Institute (SIPRI) showcases a sensational increase in military spending across the globe.<\/p>\n<p><strong>What Happened:<\/strong> According <a href=\"https:\/\/www.sipri.org\/media\/press-release\/2025\/unprecedented-rise-global-military-expenditure-european-and-middle-east-spending-surges\">to<\/a> SIPRI, military expenditure rose 9.4% to $2.72 trillion. This marks the most drastic annual increase since the Cold War concluded. All regions reported higher defense outlays, with Europe and the Middle East demonstrating particularly speedy growth. <\/p>\n<p>More than 100 nations enhanced their military budgets, often reallocating funds from other crucial sectors. U.S. military expenditure touched $997 billion, making up 66% of NATO\u2019s total and 37% of global defense spending.<\/p>\n<p><strong>See Also:<\/strong> <strong><a href=\"https:\/\/www.benzinga.com\/news\/25\/04\/44889497\/its-offensive-and-just-plain-wrong-trumps-budget-proposal-to-eliminate-head-start-affecting-over-1-million-parents\">\u2018It\u2019s Offensive And Just Plain Wrong\u2019\u2014Trump\u2019s Budget Proposal To Eliminate Head Start, Affecting Over 1 Million Parents<\/a><\/strong><\/p>\n<p><strong>Why It Matters<\/strong>: Europe\u2019s military expenditure, including Russia, soared 17%, moving past Cold War-era numbers. Russia\u2019s defense budget alone rose by 38% to an approximate $149 billion, making up 7.1% of its Gross Domestic Product. <\/p>\n<p>Ukraine, despite major financial difficulties, increased military spending by 2.9% to $64.7 billion, with its defense budget now taking up all available tax revenue.<\/p>\n<p>The report underscores rising concerns about the long-term impact of prioritizing military budgets over social and economic necessities. <\/p>\n<p>SIPRI warns that the trend could restructure societies for decades to come. In Europe, the ongoing war in Ukraine and ambiguity surrounding U.S. NATO support have prompted increased defense spending.<\/p>\n<p><strong>Read Next:<\/strong> <\/p>\n<p><em>Image via Shutterstock<\/em><\/p>\n<\/div>\n<p><a class=\"text-sm my-4\" href=\"https:\/\/www.benzinga.com\/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom\" rel=\"noreferrer\" target=\"_blank\">Market News and Data brought to you by Benzinga APIs<\/a><\/p>\n<p class=\"copyright\">\u00a9 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.<\/p>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>Global defense budgets reached unprecedented levels in 2024, driven by mounting conflicts and geopolitical strains. A new report from the Stockholm International Peace Research Institute (SIPRI) showcases a sensational increase in military spending across the globe. What Happened: According to SIPRI, military expenditure rose 9.4% to $2.72 trillion. This marks the most drastic annual increase [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":210353,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[93],"tags":[44067,1557,14431,5971,8787,5714,11096,4086,5147,10930,42448,13714,11218,3739],"dealstore":[],"offerexpiration":[],"class_list":["post-210352","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-budgets","tag-cold","tag-defense","tag-east","tag-europe","tag-global","tag-increase","tag-lead","tag-middle","tag-report","tag-steepest","tag-surge","tag-trillion","tag-war"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Global Defense Budgets Surge To $2.7 Trillion As Europe And Middle East Lead Steepest Increase Since Cold War: Report - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=210352\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Global Defense Budgets Surge To $2.7 Trillion As Europe And Middle East Lead Steepest Increase Since Cold War: Report - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"Global defense budgets reached unprecedented levels in 2024, driven by mounting conflicts and geopolitical strains. A new report from the Stockholm International Peace Research Institute (SIPRI) showcases a sensational increase in military spending across the globe. What Happened: According to SIPRI, military expenditure rose 9.4% to $2.72 trillion. 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