Stockholm International Peace Research Institute (SIPRI) has released a report on Global Defense Expenditure in 2005.....Any guesses..ITS $1 TRILLION...
The top 15 countries spend 85% of total expenditure....
US tops the list, followed by UK, France, Japan, China.....India, Russia r also part of this 15 elite group....
US spends $ 478.2 Billion
UK spends $48.3 Billion
India spends $ 20 Billion.....
Irony is total debt of Africa is $300 Billion....(Image shown - refugee camp in Somalia)
G-8 industrialised countries recently gave $40 Billion aid to Africa after a decade long deliberations...
If developed and developing countries can take the lead from the front in not only writing off debt but also in intervening into overall socio-economic development of Africa, half of mankind's misery might come to end....
1 comment:
Its an shame to so called civisied human kind
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