Global spending on Nuclear Arms on rise after 30 years of decline

Revelations 6:3-4 “when he opened the second seal, I heard the second living creature say, “Come!” 4 And out came another horse, bright red. Its rider was permitted to take peace from the earth, so that people should slay one another, and he was given a great sword.

Important Takeaways:

  • Nuclear arms spending, arsenals swell as global tensions grow: studies
  • The world’s nuclear powers, and China in particular, increased investment in their arsenals for a third consecutive year in 2022 amid swelling geopolitical tensions, two reports showed Monday.
  • The world’s nine nuclear-armed states jointly spent $82.9 billion on their arsenals last year, with the United States accounting for more than half of that, according to a new report from the International Campaign to Abolish Nuclear Weapons (ICAN).
  • Pointing to the stockpile of usable nuclear warheads, Smith said that “those numbers are beginning to tick up”, while adding that they remain far below the more than 70,000 seen during the 1980s.
  • The bulk of the increase was in China, which increased its stockpile from 350 to 410 warheads
  • India, Pakistan and North Korea also upped their stockpiles and Russia’s grew to a smaller extent, from 4,477 to 4,489, while the remaining nuclear powers maintained the size of their arsenals.
  • Washington spent $43.7 billion, which was slightly less than a year earlier but was still far ahead of all other countries, the report showed.
  • China was next in line with $11.7 billion spent, followed by Russia at $9.6 billion — both marking an increase of around six percent from 2021.
  • Britain raised its spending level by 11 percent to $6.8 billion.

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