Russian military spending increases
STOCKHOLM — For the first time in 10 years, Russia last year spent a bigger share of its overall economy on arms investments than the United States as it seeks to bolster its military capability, a Swedish watchdog said on Monday.
The Stockholm International Peace Research Institute said Russia increased its military spending by 4.8 percent to $87.8 billion, representing 4.1 percent of its gross domestic product. Global military spending fell by 1.9 percent to $1.7 trillion as many Western countries made cuts because of the financial crisis.
SIPRI program director Sam Perlo-Freeman said the increase in Russia is in line with the country's 2011-20 State Armaments Plan that aims to spend more than $700 billion on modernizing equipment, technology and industry.
“The goal of building up military capability has been seen as more urgent since the Georgia war in 2008, which revealed serious shortcomings in Russia's military technology and readiness,” he said.
However, Perlo-Freeman said, economic constraints may prevent Russia from increasing military spending any faster than was planned, despite the crisis in Ukraine.
The United States cut military outlays by 7.8 percent but remained the biggest arms investor in the world in real terms by spending $640 billion, or 3.8 percent of GDP. The fall is mainly a result of the end of the war in Iraq, the beginning of the drawdown from Afghanistan and effects of automatic budget cuts, SIPRI said.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Pentagon shifts from money pit of training Syrian rebels
- ‘Post-Ebola syndrome’ hospitalizes British nurse
- NSA leaker Snowden wants to come home to U.S.
- Nobel Peace Prize goes to Tunisia groups united to foster political diaglogue
- Backlash against Merkel over migrant flow grows
- Violence spreads to Gaza Strip
- Svetlana Alexievich of Belarus wins Nobel literature prize
- Number of deaths attributed to smoking in China could hit 2 million by 2030
- Landslide wreckage yields more bodies in Guatemala
- Pope urges bishops to reaffirm church’s stance on marriage as synod opens
- Portugal ruling coalition re-elected but may not have outright majority