Reduction of military budgets

In Article 26 of the Charter of the United Nations it is stated that, in order to promote international peace and security with the least diversion for armaments of the world’s human and economic resources, the Security Council is to be responsible for formulating plans for the establishment of a system for the regulation of armaments. The question of the limitation of military expenditures, both as an approach to disarmament and for the purpose of freeing resources for economic and social development, has been a constant preoccupation of the United Nations, particularly since 1950, when the General Assembly adopted resolution 380 (V), in which it determined that every State should agree to reduce to a minimum the diversion for armaments of its human and economic resources and to strive towards the development of such resources for the general welfare, with due regard to the needs of the underdeveloped areas of the world.

Related Subject(s): Disarmament