Saudi Arabia is the third highest military expense to top the country

After the Cold War, the maximum increase in global military expenditure last year has increased. A new report released on Wednesday by Sweden-based Defense Research Institute Stockholm Stockholm Institute of Research (SIPRI) showed that the world's expenditure in the last year was estimated to be around US $ 1.73 billion US $ 9 billion. The countries of the world have spent the money in research and development related to the purchase of salaries, expense costs, weapons and equipment of army personnel. Saudi Arabia, the oil-rich Middle East country, has risen to number three in the list of the most expensive countries behind the country. US and China hold top positions. France tops fifth position in South Asia India Other countries in the top ten are the United Kingdom, Japan, Germany and South Korea.

Said the Saudi King Mohammed bin Salman, to plan for the movement of moderate Islamic ideology in an investment conference held in Riyadh last year with the aim of reducing oil dependence after the stock ended. The regional rival struggled to increase military expenditure to increase its influence by dealing with Iran. Sweden-based research firm says last year, the country spent $ 6,940 million in the military sector. Russia spent $ 6,630 billion in this sector and dropped to number four.

However, the US military expenditure at the top of the list is far more than that. Last year, the country spent 61 billion US dollars in this sector by spending the same cost. United States of the 35 percent of the world's military expenditure alone. This year the investment is expected to increase further. China's second largest military expenditure has spent 22 million and 800 million dollars in this sector last year.Last year, India spent approximately $ 6,450 million in the military sector to get to the fifth position. France's sixth position is worth US $ 5.740 billion Britain's 7th place cost US $ 4 billion 72 billion At $ 4,440 billion, Japan's position at number eight was $ 4,430 million at the German No. 9. South Asia is another Asian country in the list. Their expenditure last year was $ 3,920 million

The new report released by Sipri has seen 52 percent of the world's military expenditures in 2017, with the European military alliance NATO countries. According to the report, Russia's threat is increasing as Central and Western Europeans have significantly increased their military expenditure this year.

In a statement, Sipri chairman John Ellison said that increasing the huge expenditure in the military sector is causing serious concern. This expenditure will be hampered by finding a peaceful resolution of conflict across the world.