US EditionItaly says to meet NATO spending goal this year by accounting changes
- Economy Minister Giorgetti stated Italy will meet NATO's 2% GDP defense spending target this year at a Thursday hearing.
- Italy faces pressure from the United States to increase its military spending, currently among the lowest in NATO.
- Adjusting accounting criteria and including previously excluded items, such as pensions, will enable Italy to reach the target.
- Giorgetti said, "We are acutely aware of the need to increase this expenditure in the coming years."
- Meeting the 2% target requires about 11 billion euros, and Italy is highly indebted but will not use EU leeway now.
13 Articles
13 Articles
Giorgetti: “Defense spending at 2% already this year. Corrections coming soon for personal income tax payments and pension age increase”
“With reference to defense spending and, more generally, the country's security, the reconnaissance work according to the NATO methodology, carried out with particular scruples, suggests that as early as this year we will be able to achieve the goal of 2% of GDP assumed in 2014.” This was stated by the Minister of Economy, Giancarlo Giorgetti, during his hearing on the Public Finance Document. Bringing expenditure to the value indicated by Giorg…
Italy says to meet Nato spending goal this year by accounting changes
ROME - 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. Read more at straitstimes.com.
ThePatriotLight - Italy says to meet NATO's 2% of GDP defence spending goal this year
ThePatriotLight - Italy will meet NATO's 2% of gross domestic product (GDP) target on defence spending this year, Economy Minister Giancarlo Giorgetti said at a parliamentary hearing on Thursday.Italy says to meet NATO's 2% of GDP defence spending goal this year
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