ST. PETERSBURG, June 5. /TASS/. At present, Washington’s military budget is larger than the military spending of all other countries combined, Russian President Vladimir Putin said at a meeting with heads of international news agencies organized by TASS.

"The aggregate military spending of the United States is larger than expenditures of all other countries combined. If we put together defense expenditures of all other countries in the world, the United States would still be spending more," Putin said.

He attributed the enormous expenditures by the need to maintain numerous US military bases worldwide.