Complex sentence: The country has far-reaching impact on world economy relative to other countries, but is restrictive in its military actions in foreign territories, otherwise it has the sixth largest military spending, with budget of around 38.5 billion USD.
Split into simpler sentences: The country has far-reaching impact on world economy relative to other countries, but is restrictive in its military actions in foreign territories. It has the world's sixth largest military spending, with budget of around 38.5 billion USD.