Increasing cost of nuclear weapons; amount spent in 5 years can feed 45 million people suffering due to famines
nuclear arsenal has emerged as a concern for many stakeholders and has threatened global peace. There is also an increasing cost associated with building, maintaining and expanding this weaponry. A report published by the International Campaign to Abolish Nuclear Weapons (ICAR) noted that countries spent £72.2 billion on their nuclear arsenal in 2023. This indicated a rise in spending to the tune of £18.1 billion or an increase of 34% as compared to 2022. This amount indicates that around £ 198 million was spent every day, £ 8.2 million a hour, £137,000 a minute and £2288 a second.
Countries in possession of nuclear weapons:
There are nine countries in the world that are known to possess the nuclear weapon. They are the US, UK, China, Russia, France, India, Pakistan, Israel and North Korea. There are six other countries that host nuclear weapons belonging to their allies. They are Italy, Turkey, Belgium, Germany and the Netherlands who host nuclear weapons belonging to the US and Belarus where Russian nuclear weapons are kept. Totally, there are 12,000-13,000 nuclear weapons across the globe.
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High cost:
It takes a lot of resources, both financially and in terms of human resources, to maintain these weapons and keep them ready throughout the year. It requires expertise and specialized maintenance.
The US spent the most on its nuclear weapons in 2023. It spent £40.7 billion and this is more
