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1.7 billion dollars is what Iraq spends on its military budget
Economy News - Baghdad
Iraq ranked 72nd globally in terms of annual defense spending budgets, according to the Global "Firepower " organization.
According to the statistics published by the Foundation for the year 2020, “Iraq ranked 72nd globally out of 138 countries listed in the table in terms of its annual spending on its defense military budget, and ranked 14 th in the Arab world after Saudi Arabia, the UAE, Algeria, Egypt, Morocco, Oman and Kuwait. Qatar, Libya, Jordan, Lebanon, Sudan, and Syria.
She added, "Iraq's annual spending on its defense military budget amounts to one billion and 730 million dollars, while Saudi Arabia's budget on its defense military budget is 67 billion and 600 million dollars annually."
She pointed out, "The world that spends the most on the defense military budget is America, at $ 750 billion, followed by China, at $ 237 billion, while Liberia tops the list, at $ 13 million annually."
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