Archive for May 22nd, 2012

22/05/2012

The World Spends US$ 100 Billion on Nuclear Warheads… This Year

Human Wrongs Watch

Geneva – Nuclear weapons spending in 2012 is likely to exceed US$100 billion –ten folds the United Nations’ yearly operational budget– despite continuing global financial strains and a renewed commitment by governments to achieve nuclear disarmament, according to a new report.

Source: ICAN

“Every dollar spent on nuclear weapons is a diversion of public resources away from health care, education and poverty alleviation,” said Arielle Denis, from the Geneva-based International Campaign to Abolish Nuclear Weapons (ICAN).

“Any use of nuclear weapons would cause catastrophic humanitarian harm and breach international law. Investing in these ultimate instruments of terror is patently unacceptable. It fosters investments in all other kinds of weapons.”

Worldwide, nuclear weapons spending in 2011 was around $105 billion – which is more than the gross domestic product of Bangladesh, a nation of 160 million people.

One year’s nuclear weapons expenditure is equal to four decades of the regular UN budget of US$2.5 billion, or 14 years of UN peacekeeping missions, according to ICAN calculations.

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