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17 Apr 25. Italy says to meet NATO spending goal this year by accounting changes.
- Summary
- Italy defence spending among lowest in NATO
- Econ minister “acutely aware” of need for increase
- Trump pushing allies to lift military budget to 5% of GDP
- Tariff policy, delays in EU fund spending hit growth outlook
Italy will meet NATO’s 2% of gross domestic product (GDP) target on defence spending this year through a series of accounting changes, Economy Minister Giancarlo Giorgetti said at a parliamentary hearing on Thursday. Italy’s projected defence budget for 2024 was 1.49% of GDP, according to NATO figures, one of the lowest levels among the countries in the military alliance, and it is under pressure from the United States to raise its outlays. (Source: Reuters)
12 Apr 25. Italy not planning to use EU budget leeway for defence spending boost. Italy has no intention for now of using budget leeway allowed by the European Union to boost its defence spending, its economy minister said on Saturday, despite U.S. pressure to increase military expenditure. The European Commission has proposed allowing member states to raise defence spending by 1.5% of gross domestic product each year for four years, without any disciplinary steps that normally kick in once a government deficit climbs above 3% of GDP. Highly indebted Italy aims to honour its pledge to boost its domestic defence budget to at least 2% of GDP from around 1.5% in 2024 without that leeway, Economy Minister Giancarlo Giorgetti told reporters at the end of a meeting of EU finance ministers in Warsaw.
“The goal is not to activate the national escape clause,” he said.
The Commission asked member states to decide by April whether to apply for the allowed fiscal room, but Giorgetti said it would be better to wait for the end of an upcoming NATO summit in June before taking any decisions.
“Some time is needed to have coordinate decisions, as ideas on the table are quite diverse in this regard,” he added. (Source: Google/Reuters)
14 Apr 25. The turmoil prompted by the USA is deepening the EU’s resolve to sign a defence and security pact with the UK that would allow the UK to participate in arms procurement. (Source: FT.com)
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Founded in 1987, Exensor Technology is a world leading supplier of Networked Unattended Ground Sensor (UGS) Systems providing tailored sensor solutions to customers all over the world. From our Headquarters in Lund Sweden, our centre of expertise in Network Communications at Communications Research Lab in Kalmar Sweden and our Production site outside of Basingstoke UK, we design, develop and produce latest state of the art rugged UGS solutions at the highest quality to meet the most stringent demands of our customers. Our systems are in operation and used in a wide number of Military as well as Homeland Security applications worldwide. The modular nature of the system ensures any external sensor can be integrated, providing the user with a fully meshed “silent” network capable of self-healing. Exensor Technology will continue to lead the field in UGS technology, provide our customers with excellent customer service and a bespoke package able to meet every need.
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