Military spending refers to the financial expenditures a government allocates for the maintenance and enhancement of its armed forces. This includes costs associated with personnel salaries, equipment procurement, research and development, maintenance, operations, and infrastructure necessary for military readiness and capability. Military spending is often a significant part of national budgets and is influenced by factors such as national defense strategies, perceived threats, political considerations, economic conditions, and international relations. Analyzing military spending can provide insights into a country’s priorities and its stance on global security issues. It often reflects a nation’s commitment to defense and can impact other areas of government funding and social services.
Nations across Europe have pledged to increase military expenditures, boosting investor confidence in defense markets. With rising geopolitical tensions in Europe, defense stocks, especially in response to the conflict in…