“Obscene spending”, “unacceptable use of public funds”: spending on nuclear weapons is reportedly soaring

“Obscene spending”, “unacceptable use of public funds”: spending on nuclear weapons is reportedly soaring
“Obscene spending”, “unacceptable use of public funds”: spending on nuclear weapons is reportedly soaring

According to the International Campaign to Abolish Nuclear Weapons (ICAN), the nine nuclear-weapon states (United States, Russia, China, United Kingdom, France, India, Israel, Pakistan and North Korea) have spent a total of 91 billion dollars (85 billion euros) last year.

It shows, along with another report published by the Stockholm International Peace Research Institute (Sipri), that these countries have significantly increased their spending as they modernize their nuclear weapons, or even deploy new ones.

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“I think it’s fair to say that a nuclear arms race is underway,” ICAN director Melissa Parke told AFP.

According to ICAN, global nuclear weapons spending increased by $10.8 billion in 2023 year-over-year, with the United States accounting for 80% of the increase.

The United States’ share of total spending is $51.5 billion. This is followed by China ($11.8 billion) and Russia ($8.3 billion).

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The British significantly increased their spending (+17% to $8.1 billion), for the second year in a row.

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Nuclear powers as a whole spent $2,898 per second last year to finance these weapons, according to the report.

Ms Parke denounced an “unacceptable” use of public funds, describing the amounts spent as “obscene”.

She stressed that these funds represent more than what the World Food Program believes is necessary to end world hunger. “And we could plant a million trees for every minute of spending on nuclear weapons,” she added.

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