13 June 2011 - 19:30

A research organization reports the United States continued to remain the top military spender in the world despite the financial crisis and its growing budget deficit.

(Ahlul Bayt News Agency) - Stockholm International Peace Research Institute (SIPRI) reported "The United States has increased its military spending by 81 percent since 2001."

Other report says the US -- with its costly military operations in Afghanistan and Iraq -- has increased spending by nearly 3 percent compared with last year.

SIPRI Military Expenditure Project chief Sam Perlo-Freeman said "At 4.8 percent of gross domestic product, US military spending in 2010 represents the largest economic burden outside the Middle East."

Last year, the United States increased spending by 2.8 percent to USD 698 billion - about six times as much as China, the second-biggest military spender, followed by Britain, France and Russia.

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