States are on course to spend $100bn a year, driven by a sharp increase in US defence budgets
Global spending on nuclear weapons is estimated to have increased by 13% to a record $91.4bn during 2023, according to calculations from the International Campaign to Abolish Nuclear Weapons (Ican) pressure group.
The new total, which is up $10.7bn from the previous year, is driven largely by sharply increased defence budgets in the US, at a time of wider geopolitical uncertainty caused by Russia’s invasion of Ukraine and the Israel-Hamas war.