Unveiling €31 Billion Defence Budget, Italy Defence Spending Figure Up 7.2 Percent

Rom: Italy is spending €31.3 billion ($36.2 billion) on defence this year, the country’s defence ministry has announced in a long awaited budget document. The figure is up 7.2% on last year’s spending of just over €29 billion, but is set to remain stable in 2026 and 2027, the ministry stated.

taly has come under pressure this year to increase spending, as NATO calls on members to hit 5% of GDP by 2035, up from a previous target of 2%. Italy’s spending last year amounted to only 1.54% of GDP, but Rome promised it would reach two percent in 2025. The new document announces that on top of the regular defence budget, a host of outlays that have been re-categorised as defence spending have been added into the ledger, including pension payments and parts of the paramilitary Carabinieri police.

ads

In the process, the €31.3 billion defence budget rises to €45.3 billion in spending, enough to qualify for the 2% target, the ministry said. The document gives a breakdown on spending this year for each programme, but in a departure from tradition does not state the total amount of procurement funding which has been budgeted this year. It does say that defence ministry procurement funding will total €35 billion over the next 15 years.

In the list of programmes to be financed this year, there is €100 million to upgrade Italy’s aging Ariete tanks, €50 million to continue the development of new Panther tanks with Germany’s Rheinmetall and €130 million for new Lynx fighting vehicles. As the planned Italian F-35 fleet grows from 90 to 115, there are €735 million for the programme and €625 million for work on the GCAP fighter with the UK and Japan.

Italian officials have said they are considering buying the Japanese Kawasaki P-1 maritime patrol aircraft to tackle hostile submarines in the Mediterranean. Without specifying what platform will be purchased, the document says six will be bought, with an initial €30 million to kick start the programme in 2027.

More like this

The Modern Evolution of India’s Kinetic Diplomacy

the global travel schedule of Defence Minister Rajnath Singh...

Thales Delivers First Two GM403 Radars To Indonesia

New Delhi: With air surveillance of critical importance in...

Islamabad’s Strategic Anxieties Continue as China Rejects its Plea for Nuclear Second-Strike Capability

New Delhi: China has reportedly refused Pakistan’s plea for...

Strengthening Deterrence Posture: India Successfully Test-Fires Agni-1 Ballistic Missile

New Delhi: India has once again demonstrated its strategic...

Third India-Nordic Summit Underscores India as a Co-author of Global Governance 

New Delhi: India’s emergence as a co‑author of global...

Blood, Borders and Betrayal: The Bangladesh Question

The Death in Chattogram and the Larger Question: On May...

Honours for GRSE Women Leaders Shaping Maritime Excellence

Kolkata: Reinforcing its stature as one of India’s leading...

Krishna Defence Reports Strong Q4FY26 Results; Net Profit Rises 72.9% YoY to Rs 128 Million

Mumbai: Krishna Defence and Allied Industries Limited, a rapidly advancing...
Indian Navy Special Edition 2025spot_img