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There Are 91.4 Billion Things Than Nuclear Weapons that Money Could Buy

June 20th, 2024

Nuclear weapons programs divert public funds from health care, education, disaster relief and other vital humanitarian services.  The nuclear-armed countries spent over $91.4 billion on their arsenals in 2023.  At the same time, the corporations fabricating these weapons of mass destruction and their investors made billions in profit annually.

On Monday, June 17^th, the International Campaign to Abolish Nuclear Weapons (ICAN) released its fifth annual report on global nuclear weapons spending.  The report, entitled “Surge:  2023 Global nuclear weapons spending,” shows that $10.7 billion more was spent on nuclear weapons in 2023 than in 2022.  The report covers how the nuclear weapons industry buys influence by financing think tanks, hiring lobbyists, and holding high-level meetings with government officials.  https://www.icanw.org/global_nuclear_weapons_spending_surges_to_91_4_billion

An international campaign with one clear message:  “No Money for Nuclear Weapons” will launch on Monday, September 16^th through Sunday, September 22^nd.  Please plan to join in the activities or create your own local event.  Visit the ICAN website week of action page and be sure to sign up to receive updates.  https://www.icanw.org/global_week_of_action_on_nuclear_spending

As mentioned above, in 2023, the nine nuclear-armed states spent a combined total of $91.4 billion on their arsenals, which is equivalent to $174,000 per minute.  The nine nuclear-armed states are:  China, France, India, Israel, North Korea, Pakistan, Russia, the United Kingdom, and the United States.

The U.S share of total spending, at $51.5 billion, is more than all the other nuclear-armed countries put together.  The next biggest spender in 2023 was China at $11.8 billion, followed by Russia at $8.3 billion.  The United Kingdom’s spending was up significantly for the second year in a row with a 17 percent increase to $8.1 billion.  In the last five years, $387 billion has been spent on nuclear weapons globally.

In the last five years, the budget for nuclear weapons fabrication at Los Alamos National Laboratory (LANL) has nearly doubled from over $2.2 billion in fiscal year 2020 to $4 billion in fiscal year 2024 – an increase of over $1.7 billion.  At the same time, New Mexico ranks 50^th in child well-being and 50^th in education.  https://nukewatch.org/resources-and-information/economic-information/

Alicia Sanders-Zakre, a report co-author, noted: “The acceleration of spending on these inhumane and destructive weapons over the past five years is not improving global security but posing a global threat.”

June 22, 2024 - Posted by Christina Macpherson | Uncategorized