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Military Expenditure Report: SIPRI

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 ~Preet. Despite the economic repercussions from the epidemic, global military expenditure increased in 2021, hitting an all-time high of USD 2.1 trillion, according to the most recent figures from the Stockholm International Peace Research Institute (SIPRI). As a consequence of a strong economic rebound in 2021, the worldwide military burden—global military spending as a proportion of global GDP—will fall by 0.1 percentage point, from 2.3 percent in 2020 to 2.2 percent in 2021. SIPRI is an independent international institute committed to conflict, weaponry, arms control, and disarmament research. It was founded in Stockholm in 1966 (Sweden). The top five spenders in 2021 will be the United States, China, India, the United Kingdom, and Russia. They contributed for 62 percent of total expenditure, with the United States and China accounting for the remaining 52 percent. In 2021, military spending in Asia and Oceania will equal USD586 billion. Spending in the region was 3.5 percent great

Defence Space Command Agency Australia.

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 ~Preet. Australia has announced the formation of a new Defence Space Command Agency to counter the rising influence of Russia and China in space. It will assist Australia in defining and lobbying for space-related goals within the government, business, friends, and even international partners.  The agency will teach individuals to be space specialists, assist in strategic space planning, and be able to participate in any changes addressing the refining of space policy. With the agency in place, Australia will determine scientific and space goals while also aiming to create an efficient space infrastructure. All of the agency's activities – including design, building, and maintenance – will be subject to the Defence Ministry of Australia's requirements and constraints. The notion of space weaponization emerged in the early 1980s as part of the United States' "Strategic Defense Initiative," commonly known as the "Star Wars" programme. The plan was to thro