As hundreds of millions of people across the globe go hungry, the nuclear-armed nations spend close to US$300 million a day on their nuclear forces. (ICAN)*
The production, maintenance and modernization of nuclear forces diverts vast public resources away from health care, education, climate change mitigation, disaster relief, development assistance and other vital services.
Globally, annual expenditure on nuclear weapons is estimated at US$105 billion – or $12 million an hour.
The World Bank forecast in 2002 that an annual investment of just US$40–60 billion, or roughly half the amount currently spent on nuclear weapons, would be enough to meet the internationally agreed Millennium Development Goals on poverty alleviation by the target date of 2015.