Italy wants to increase reinforcement expenses. To … 2 percent GDP

This year, Italy is planning to raise defense expenses to 2 percent of GDP – finance minister Giancarlo Giorgetti announced in Parliament on Thursday. Currently, they amount to about 1.5 percent.

In the speech before the combined committees for the budget of the Chamber of Deputies and the Senate, the head of the Ministry of Finance stated: “In relation to defense expenses and generally to the security of the country, work in accordance with NATO methodology, carried out in a particularly meticulous way, allows us to believe that this year we will be able to achieve the goal of 2 percent of GDP, set in 2014”.

“We are fully aware, also in the light of current tensions, the need for further increase in these expenses in subsequent years,” added Giorgetti.

NATO Member States have undertaken to issue at least 2 percent. Your GDP for defense in 2014 during the summit in Wales. This decision was made in response to the illegal annexation of Crimea by Russia. Although most NATO countries have agreed to these arrangements, not all of them fill them in. Some allied countries spend much more than 2 percent, while others have difficulty achieving this threshold. (PAP)

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