Australia leader in military spending

Today, 17 April 2012, is Global Day of Action on Military Spending (GDAMS). Several events have been organised around the world and SIPRIi, the Stockholm International Peace Institute has released its data on military spending for the year 2011. Australia is the fifth largest military spender in the region of Asia and Oceania, and is ranked within the top fifteen in the world overall. Australia is also the second largest importer of arms in the world, second only to India. 

"While Australia continues to spends large amount preparing for war we are cutting back on diplomacy and remain one of the lowest aid donors amongst OECD countries. The balance is all wrong. There is plenty of evidence that negotiating peace is cheaper and more effective than waging war" MAPW President Dr Jenny Grounds said in response to the new data.