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Firing blanks: The UK’s $61.5 billion military expenditure in 2020 is a misguided attempt to show it’s still a global big gun

The coronavirus pandemic cost the world trillions of dollars in lost economic output last year, with most countries entering recession at some point during 2020. Despite the world economy contracting by 4.4%, last year’s global military expenditure reached new heights, at almost $2 trillion (USD). This is a 2.6% increase on the previous …

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Expenditure on subsidies rose by a quarter

According to state statistics, in Ukraine the amount of subsidies to population for payment of housing and communal services increased. The amount of the subsidy for payment of utility services increased from January to April by 27.2% and amounted to 730,7 mln. This is evidenced by the state service statistics. …

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Announced the ranking of countries with highest military expenditure

Russia has risen to third place. Russia has increased its military spending in 2016 to 69.2 billion dollars, shifting from third place Saudi Arabia in the rating. This information from the Stockholm international Institute for peace studies (SIPRI) published in its press release. “Russia increased its spending by 5.9% in …

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