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Israeli military spending soars by 65 percent following Israel's war on Gaza
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<span class="field field-title">Israeli military spending soars by 65 percent following Israel's war on Gaza</span>
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<div class="field field-field-text"><p>Global military spending hits record $2.72tn amid Middle East surges</p>
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<p><strong>Global military spending surged</strong> to $2.72tn in 2024, marking the sharpest annual rise since the Cold War, according to SIPRI.</p>
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<p><strong>Israel’s defence budget jumped 65 percent</strong> to $46.5bn, its largest increase since the 1967 Six-Day War. Military costs now make up 8.8 percent of GDP, the world’s second-highest share.</p>
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<p><strong>Lebanon also boosted spending by 58 percent</strong>, though its total remained far lower at $635m.</p>
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<p><strong>Iran cut military expenditure by 10 percent</strong>, spending $7.9bn amid economic sanctions.</p>
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<p><strong>"Major rises were limited to Israel and Lebanon,"</strong> said SIPRI researcher Zubaida Karim, despite expectations of broader Middle Eastern increases.</p>
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