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Question

Which major economy announced to hike its defence spending by 70% in 2024?
  • Canada
  • Russia
  • USA
  • Germany
Answer- B

Russia is set to hike defence spending by almost 70 per cent in 2024, its finance ministry document published showed.

The document said defence spending was set to jump by over 68 per cent year-on-year to almost 10.8 trillion rubles (USD 111.15 billion), totalling around 6 per cent of GDP.