The Fort Worth Press - Nuclear arms spending soars as global tensions swell: studies

USD -
AED 3.673042
AFN 68.858766
ALL 88.802398
AMD 387.151613
ANG 1.799401
AOA 927.769041
ARS 961.242518
AUD 1.46886
AWG 1.8
AZN 1.70397
BAM 1.749922
BBD 2.015926
BDT 119.312844
BGN 1.750011
BHD 0.376236
BIF 2894.376594
BMD 1
BND 1.290118
BOB 6.899298
BRL 5.418691
BSD 0.998434
BTN 83.448933
BWP 13.198228
BYN 3.267481
BYR 19600
BZD 2.012526
CAD 1.35775
CDF 2871.000362
CHF 0.849991
CLF 0.033646
CLP 928.403346
CNY 7.051904
CNH 7.043005
COP 4153.983805
CRC 518.051268
CUC 1
CUP 26.5
CVE 98.657898
CZK 22.451404
DJF 177.79269
DKK 6.68204
DOP 59.929316
DZD 132.138863
EGP 48.452557
ERN 15
ETB 115.859974
EUR 0.894904
FJD 2.200804
FKP 0.761559
GBP 0.75061
GEL 2.730391
GGP 0.761559
GHS 15.696327
GIP 0.761559
GMD 68.503851
GNF 8626.135194
GTQ 7.71798
GYD 208.866819
HKD 7.790095
HNL 24.767145
HRK 6.799011
HTG 131.740706
HUF 352.160388
IDR 15160.8
ILS 3.777515
IMP 0.761559
INR 83.48045
IQD 1307.922874
IRR 42092.503816
ISK 136.260386
JEP 0.761559
JMD 156.86485
JOD 0.708504
JPY 143.90404
KES 128.797029
KGS 84.238504
KHR 4054.936698
KMF 441.350384
KPW 899.999433
KRW 1332.490383
KWD 0.30507
KYD 0.832014
KZT 478.691898
LAK 22047.152507
LBP 89409.743659
LKR 304.621304
LRD 199.686843
LSL 17.527759
LTL 2.95274
LVL 0.60489
LYD 4.741198
MAD 9.681206
MDL 17.42227
MGA 4515.724959
MKD 55.129065
MMK 3247.960992
MNT 3397.999955
MOP 8.014495
MRU 39.677896
MUR 45.880378
MVR 15.360378
MWK 1731.132286
MXN 19.416804
MYR 4.205039
MZN 63.850377
NAD 17.527759
NGN 1639.450377
NIO 36.746745
NOK 10.482404
NPR 133.518543
NZD 1.603206
OMR 0.384512
PAB 0.998434
PEN 3.742316
PGK 3.9082
PHP 55.653038
PKR 277.414933
PLN 3.82535
PYG 7789.558449
QAR 3.640048
RON 4.449904
RSD 104.761777
RUB 92.515546
RWF 1345.94909
SAR 3.752452
SBD 8.306937
SCR 13.046124
SDG 601.503676
SEK 10.170404
SGD 1.291304
SHP 0.761559
SLE 22.847303
SLL 20969.494858
SOS 570.572183
SRD 30.205038
STD 20697.981008
SVC 8.736188
SYP 2512.529936
SZL 17.534112
THB 32.927038
TJS 10.61334
TMT 3.5
TND 3.025276
TOP 2.342104
TRY 34.124875
TTD 6.791035
TWD 31.981038
TZS 2725.719143
UAH 41.267749
UGX 3698.832371
UYU 41.256207
UZS 12705.229723
VEF 3622552.534434
VES 36.777762
VND 24605
VUV 118.722009
WST 2.797463
XAF 586.90735
XAG 0.03211
XAU 0.000381
XCD 2.70255
XDR 0.739945
XOF 586.90735
XPF 106.706035
YER 250.325037
ZAR 17.38465
ZMK 9001.203587
ZMW 26.433141
ZWL 321.999592
  • RBGPF

    58.8300

    58.83

    +100%

  • VOD

    -0.0500

    10.01

    -0.5%

  • RELX

    -0.1400

    47.99

    -0.29%

  • NGG

    0.7200

    69.55

    +1.04%

  • GSK

    -0.8200

    40.8

    -2.01%

  • RYCEF

    0.0200

    6.97

    +0.29%

  • BTI

    -0.1300

    37.44

    -0.35%

  • AZN

    -0.5200

    78.38

    -0.66%

  • CMSC

    0.0300

    25.15

    +0.12%

  • RIO

    -1.6100

    63.57

    -2.53%

  • CMSD

    0.0100

    25.02

    +0.04%

  • JRI

    -0.0800

    13.32

    -0.6%

  • BCC

    -7.1900

    137.5

    -5.23%

  • SCS

    -0.3900

    12.92

    -3.02%

  • BCE

    -0.1500

    35.04

    -0.43%

  • BP

    -0.1200

    32.64

    -0.37%

Nuclear arms spending soars as global tensions swell: studies
Nuclear arms spending soars as global tensions swell: studies / Photo: © Russian Defence Ministry/AFP

Nuclear arms spending soars as global tensions swell: studies

Nuclear-armed countries hiked spending on atomic weapons arsenals by a third in the past five years as they modernised their stockpiles amid growing geopolitical tensions, two reports showed on Monday.

Text size:

The world's nine nuclear-armed states jointly spent $91 billion on their arsenals last year, according to a new report from the International Campaign to Abolish Nuclear Weapons (ICAN).

That report, and a separate one from the Stockholm International Peace Research Institute (SIPRI), indicated that nuclear weapons states are dramatically scaling up spending as they modernise and even deploy new nuclear-armed weapons.

"I think it is fair to say there is a nuclear arms race under way," ICAN chief Melissa Parke told AFP.

Wilfred Wan, head of SIPRI's weapons of mass destruction programme, meanwhile warned in a statement that "we have not seen nuclear weapons playing such a prominent role in international relations since the Cold War".

SIPRI's report showed that the total estimated number of nuclear warheads in the world actually declined somewhat to 12,121 at the start of this year, from 12,512 a year earlier.

But while some of that included older warheads scheduled to be dismantled, it said 9,585 were in stockpiles for potential use -- nine more than a year earlier.

And 2,100 were kept in a state of "high operational alert" on ballistic missiles.

Nearly all of those were held by the United States and Russia, but China was for the first time believed to also have some warheads on high operational alert, SIPRI said.

"While the global total of nuclear warheads continues to fall as Cold War-era weapons are gradually dismantled, regrettably we continue to see year-on-year increases in the number of operational nuclear warheads," SIPRI director Dan Smith said.

- Nuclear weapons spending jump -

The spending surge reported by ICAN appeared to back that up.

The report showed that in 2023 alone, nuclear weapons spending worldwide jumped by $10.8 billion from a year earlier, with the United States accounting for 80 percent of that increase.

The US share of total spending, $51.5 billion, "is more than all the other nuclear-armed countries put together", said ICAN.

The next biggest spender was China, at $11.8 billion, followed by Russia, spending $8.3 billion.

Britain's spending meanwhile rose significantly for the second year in a row, swelling 17 percent to $8.1 billion.

Spending for 2023 by the nuclear-armed states -- which also include France, India, Israel, Pakistan and North Korea -- jumped more than 33 percent from the $68.2 billion spent in 2018, when ICAN first began collecting this data, it said.

Since then, the nuclear armed states have spent an estimated total of $387 billion on the deadly weapons, the report showed.

- 'Investing in Armageddon' -

Parke slammed "the billions of dollars being squandered on nuclear weapons" as "a profound and unacceptable misallocation of public funds".

She highlighted that that money was more than what the World Food Programme estimates is needed to end world hunger.

"And you could plant a million trees for every minute of nuclear weapons spending," she said.

"These numbers are obscene, and it is money that the state says is going towards weapons that... will never be used," she said, pointing to the nuclear deterrence doctrine.

The investments are not only wasteful but also extremely dangerous, she warned.

"What happens when deterrence fails?"

Geneva-based ICAN won the 2017 Nobel Peace Prize for its key role in drafting the Treaty on the Prohibition of Nuclear Weapons, which took effect in 2021.

Seventy countries have ratified it to date and more have signed it, although none of the nuclear weapons states have come on board.

"Instead of investing in Armageddon, the nine nuclear-armed states should follow the example of almost half the world's countries and join the treaty... and make a real contribution to global security," said Alicia Sanders-Zakre, a co-author of Monday's ICAN report.

M.T.Smith--TFWP