France and Italy to Cut Defence Budgets
Posted: 07/06/2010 12:00:00 AM EDT | 0
|
|
French media reports that a three-year cut of perhaps $5 billion is under consideration for the defence budget. That is on top of the long-anticipated progamme review.
The French Defence Ministry is preparing for a reduction of 2 billion euros to 3 billion euros in the best case and 4.8 billion euros in the worst over the next three years. The actual figures will only be known in mid-June, when the prime minister’s office sends out budget letters that set spending caps for each government department.
The Defence Ministry has experienced two years of budgetary buoyancy, with equipment spending in 2010 set at 17 billion euros out of a total budget of 32.2 billion euros, excluding pensions. The 33 billion euro budget for 2009 included 18 billion for equipment.
In Italy, a 10 percent cut is additional to defence budget reductions executed in 2009 and 2010 and those planned for 2011. Maintenance and operations spending was already planned to decline by 20 percent in 2011.
The Italian cuts package could threaten the Industry Ministry top-up funds long used to protect defence procurement from dwindling budgets. The 10 percent cuts would affect the Industry Ministry from 2011, which is when a number of funding streams from the ministry for defence programmes terminate and require renewal if the procurements are to be completed.
Funding for the Frecia (armoured vehicle) expires in 2011, yet funds are required through to 2014. FREMM (frigates) funding from the ministry also expires in 2011 yet is needed until 2016 or 2017. Eurofighter funds from the Industry Ministry expire in 2012 but are required until 2017.
|
Contributor: Defence IQ |
|
-
British Military Conflicts Reviewed: The Nature of Conflict -
The 7/7 Bombings Remembered -
Unmanned Aerial Vehicles: Applications in Civilian and Defence Sectors -
Germany Considers Defence Cuts -
A Global Surface-Based Air Defence Forecast: 2010 and Beyond -
Troop Cut Could Be Part of Strategic Defence Review -
UK’s Scavenger ISTAR Requirement Revealed -
New Generation Attack Submarine for Blue Water Operations -
CAE Predicts UAV Training Trends -
Protecting Vehicles Against Mines and IEDs
* = required.
-
8th Annual Military Radar
Strand Palace Hotel, London, UK
November 29- 30, 2010 -
Health Support Systems and Medical Logistics
CCT Canary Wharf, London, UK
October 28- 29, 2010 -
Directed Energy Weapons 2011
CCT Smithfield, London, UK
February 23- 25, 2011 -
Defence Logistics UAE
The Armed Forces Officer’s Club, Abu Dhabi, United Arab Emirates
January 17- 21, 2011
-
France to Cut 2010 Defence Budget
French Defence Minister Herve Morin announced on the 28th September that the 2010 French Defence Budget...Read more
Defence IQ
-
MoD denies UK and France could share aircraft carriers
The Ministry of Defence has confirmed that Defence Secretary Liam Fox is to meet his French counterpart to...Read more
BBC News
-
Norwegian Defence Budget to Rise 4 Percent in 2010
Norway’s defence budget is to rise by 4 per cent in 2010 to NOK34.9 billion (US$6.2 billion), with...Read more
Defence IQ
-
No Cuts in UK Defence Budget for a Year
William Hague, the newly appointed UK foreign secretary, confirmed that the Conservative manifesto pledge...Read more
Defence IQ
|
Reach Defence professionals through cost-effective marketing opportunities to deliver your message, position yourself as a thought leader, and introduce new products, techniques and strategies to the market.
Learn More >> Join today and interact with a vibrant network of defence professionals, keeping up to date with the defence industry by accessing our wealth of Defence articles, videos, live conferences and more. Sign Up Today! |
| Defence IQ, a division of IQPC 2010 All rights reserved.Use of this site constitutes acceptance of our User Agreement and Privacy Policy. Careers With IQPC | Contact Us |
|