Italian Defence Budget to be Cut
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Italy’s draft 2010 defence budget is proposing cuts in spending. Although the budget is set to increase by 0.3 per cent to EUR20.4 billion (US$30.7 billion), a significant portion of this is allocated to territorial security (Carabinieri) and similar functions.
This leaves EUR14.3 billion for the armed forces: a 0.4 per cent decrease and less than 1 per cent of Italy’s gross domestic product (GDP). However, procurement spending is to increase by EUR280 million over the 2009 figu...
