Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
UNITED NATIONS, Sept. 10 (Xinhua) — United Nations Secretary-General Antonio Guterres on Tuesday called on member states to rebalance military spending and review development priorities.
“The evidence is clear. Excessive military spending does not guarantee peace. It often undermines it by fueling arms races, deepening mistrust and diverting resources from the very foundations of stability,” the UN chief said at the launch of the report “The Security We Need: Rebalancing Military Spending for a Sustainable and Peaceful Future.”
“A safer world begins with investing at least as much in the fight against poverty as in war,” stressed A. Guterres.
According to him, in 2024, global military spending rose to a record level of US$2.7 trillion, which is almost 13 times the volume of official development assistance from the world's richest countries and 750 times the UN's regular budget in 2024.
At the same time, only one fifth of the targets set under the Sustainable Development Goals have been met. The financing gap is growing, as is the cost of inaction, A. Guterres warned.
He said the report was a call to rethink priorities and reallocate global investments toward the security the world really needs.
If current trends continue, global military spending is projected to reach $4.7-6.6 trillion by 2035. The massive diversion of resources to militarization poses a serious threat to the future of humanity, undermining sustainable peace and development, the report says.
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