CLEAN : SIPRI: World military expenditure reached record figure in 2021

The video discusses global military spending trends, highlighting a record $2.1 trillion in 2021. It explains that military spending includes more than just arms procurement, covering personnel costs, R&D, and peacekeeping. Russia and Korea's spending increased, with Russia revising its budget upwards due to operational costs related to Ukraine. The impact of sanctions on Russia's future spending is uncertain, especially with fluctuating energy prices. The video also addresses the challenge of balancing military spending with long-term issues like climate change.

What are some components included in military spending beyond arms procurement?

What challenges do societies face that may impact military spending?