Let’s take a look at the situation before the COVID-19 breakout and lockdowns. So how were governments spending their money between the period of the last major crisis 2008-2009. And how was the world doing up to the beginning of this year.

Military Expenditure

Stockholm International Peace Research Institute (SIPRI) keeps track of global military expenditure. In 2017 the figure reached $1.7 trillion.

You can find more detailed information here

Total expenditure on International Development Cooperation 165990.94 million 

SIPRI has prepared calculations based comparison of military expenditure and achieving the Sustainable development Goals

Some Calculations taken from the above report:

According to a 2015 OECD report on climate finance, a number of high-income developed countries have pledged to raise aid to developing countries to $100 billion a year by 2020 to fund green technology and to help deal with the consequences of climate change (SDG 13).7 This amounts to 8.3 per cent of high-income developed countries’ military spending in 2015 

A 2015 report from the UN Food and Agriculture Organization suggests that eliminating extreme poverty and hunger sustainably by 2030 (SDGs 1 and 2) would require an estimated additional $265 billion per year on average (2013 prices).8 This would be made up of additional annual social payments of $67 billion from public funds and $198 billion in public–private investment to improve agriculture and rural infrastructure in poor communities. Of this $198 billion investment, $89–147 billion would need to come from public funding, putting total annual public spending requirements at $156–214 billion.When converted to 2015 prices, this amounts to 9.5–13 per cent of global military spending in 2015.

The 2015 Education for All Global Monitoring Report found that providing universal primary and early secondary education of adequate quality by 2030 (SDG 4) would require an additional $239 billion a year in spending (2012 prices).9 However, the report envisages that much of this additional spending will come from countries’ domestic resources. Based on the projection that education spending as a percentage of GDP will continue to increase in 2015–30, the report calculates an annual average financing gap—which would need to be covered by donors—of $22 billion. However, if low and lower-middle income countries only maintain their current share of education spending in GDP, then this gap more than doubles to $52.5 billion per year. Converted to 2015 prices this represents 3.2 per cent of world military spending in 2015.

A 2015 report by the Sustainable Development Solutions Network found that achieving the SDG targets in agriculture and food security; health; education; clean water and sanitation; access to modern energy; telecommunications and transport infrastructure; ecosystems; and emergency response and humanitarian work (SDGs 2, 3, 4, 6, 7, 9, 11, 13, 14 and 15), including in each area additional sums to allow for climate change mitigation and adaptation, would require further spending from public sources of $760–885 billion a year (2013 prices) between 2015 and 2030.10 Converted to 2015 prices this amounts to 46–54 per cent of world military spending in 2015.

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