"Italy Defence & Security Report Q2 2014" Is Now Available at Fast Market Research
We expect Italy's defence budget to reach US$27.2bn for 2014. By 2017, we expect the defence budget to have increased modestly to US$27.6bn, before it finishes the forecast period in 2018 at a level of US $28.4bn. Like several of its counterparts in the alliance, Italy spends below NATO's non-binding requirement that its members spend a minimum of 2% of GDP annually on defence.
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