The BRICS declaration on Saturday expressed alarm at the increase in global military spending. While the US has a $1 trillion defence budget, the highest in the world, BRICS partners Russia, China and India are ironically among the top-five global spenders. The ‘New Delhi Declaration’, a joint outcome document of the BRICS leader’s summit in New Delhi, said: “We express alarm at the current trend that has seen a critical increase in global military spending.” This, it said, was a detriment of the provision of adequate financing to developing countries for development. The declaration also expressed “concern” about the growing…
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