REPORT: Top 10 countries’ defence spending hits US$1.4 trillion

Different countries across the world continue to focus on their global military interests by strengthening their budgets. However, some countries with low budgets are not in a position to run their militaries hence they maintain affiliates and alliances with regional partners for security. Data acquired by Finbold.com shows that the top 10 countries globally control a defence budget of US$1.4 trillion as of 2020. The military budget by different governments is meant to maintain and strengthen a standing fighting force. The United States has a budget of US$750 billion, representing about 53.57 percent of the expenditure by the 10 investigated countries. China comes second with a budget at least three times less than the US at US$237 billion. On the other hand, France has the smallest budget among the reviewed countries at US$41.5 billion. Read the full report here. For Editorial Inquiries Contact: Editor Kym Bergmann at [email protected] For Advertising Inquiries Contact: Director of Sales Graham Joss at [email protected]