Arab states spent $53 billion on arms in year 2000 alone
Posted: Thursday, April 4, 2002

www.arabicnews.com
The Arab states in 2000 spent 27.4 per cent of their total spending to defence and security, while only 9.1 per cent was allocated for economic affairs, a report said.

Gulf News had reported "With total expenditure standing at $197.7 billion in 2000, defence allocations were estimated at around $53 billion while spending on economic activities and other investments stood at nearly $17.7 billion."

"The GCC (Gulf states) spent for defence and security around 35 per cent of their total expenditure. This means they spent around $34 billion on defence in 2000, nearly 64 per cent of the total Arab military expenditure" Gulf News reported. MORE

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