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Study: Global Military Spending Rises Nearly 50% in Last Decade

HeadlineJun 10, 2008

A new study shows global military spending has increased by nearly 50 percent over the last decade, with the United States accounting for half the total rise. The Stockholm International Peace Research Institute says governments spent more than $1.3 trillion on arms and other military costs last year. US spending also accounted for nearly half, at almost $550 billion.

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