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World military expenditure fell by 1.9% to $1.75 trillion in 2013

Americas Security News.- SIPRI until 2012

Americas Security News.- SIPRI until 2012

Russia spent a higher proportion of its wealth on arms than the US last year for the first time in more than a decade, according to figures published on Monday by a leading international research body that highlights Moscow’s resurgent military ambition as it confronts the west over Ukraine.

Western countries, including UK and the US, reduced Defense budgets, but Russia increased arms spending by 4.8% in real terms last year to almost $88bn , devoting a bigger share of its GDP to the military than the US for the first time since 2003, according to the Swedish SIPRI Stockholm International Peace Research Institute 

China and Saudi Arabia were also among a list of countries that increased arms spending, but overall world military expenditure fell by 1.9% to $1.75tn in 2013.