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Monday, April 14, 2014

Military Budgets Fall in the West, Rise in China, Russia, Middle East

The United States still is by far the world’s largest military spender, with a budget of $640 billion in 2013. But U.S. defense spending is down from a a year ago, while the next three largest military powers — China, Russia and Saudi Arabia — have made substantial increases, according to new data by the Stockholm International Peace Research Institute.

SIPRI estimates China’s military budget at $188 billion, Russia’s at $87.9 billion and Saudi Arabia’s at $67 billion. Saudi Arabia leapfrogs the United Kingdom, Japan and France to become the world’s fourth largest military spender, said SIPRI. China, Russia and Saudi Arabia are among the 23 countries around the world that have more than doubled military budgets since 2004.

China’s spending increased by 7.4 percent in real terms since a year ago, said Sam Perlo-Freeman, director of SIPRI’s military expenditure program. “While China has been behaving more assertively in recent years in territorial disputes with Japan in the East China Sea, and with the Philippines and Vietnam in the South China Sea, these heightened tensions do not seem to have changed the trend in Chinese military spending, which represents a long-term policy of rising military spending in line with economic growth,” he said.

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