Military spending is the sum of the economic resources a state allocates to the maintenance and development of its armed forces. It includes personnel expenses (military salaries and pensions), the purchase of armaments and equipment, the financing of military operations, research and development of new military technologies, and other items related to national defense.
Global Geopolitics
Can the EU learn to defend itself? The quest for an EU defence industry
The international climate seems ever more enflamed, with conflicts breaking out across many regions of the world. Europe is spending more on...