Global defence spending set to reach highest level since end of Cold War: report

Global defence expenditure is set to increase again in 2018 to reach its highest level since the end of the Cold War, according to the annual Jane’s Defence Budgets Report released Monday.
Defence spending will grow for the fifth consecutive year, reaching $1.67 trillion in 2018 and overtaking the previous post-Cold War record of $1.63 trillion seen in 2010, according to the Jane’s report. (All expenditures in U.S. dollars)
Here is more about the report provided in the