Behind Italy’s defense-spending hike, pushback at home

Behind Italy’s defense-spending hike, pushback at home

ROME — With a few hours to spare before Italian Prime Minister Giorgia Meloni tackled the thorny issue of defense spending with President Trump, her finance minister announced Italy would hit 2% of GDP this year.Speaking in parliament on Thursday, minister Giancarlo Giorgetti said, “We are fully aware, including in light of the current tensions, of the need to increase this spending in the coming years.”Across the Atlantic at the White House whe…

Italy Says It Can Meet NATO 2% Defense Spending Target in 2025

Italy will likely be able to increase its defense spending to reach a NATO target of 2% of gross domestic product as early as this year, Finance Minister Giancarlo Giorgetti said.

After the words of the Minister of Foreign Affairs and International Cooperation Antonio Tajani on the increase in defense spending to 2% of the Gross Domestic Product (GDP), an objective set for several years at NATO level, were added those of the Minister of Economy and Finance Giancarlo Giorgetti, who confirmed that the Italian Government wants to reach the aforementioned level of expenditure within the year. Moreover, Minister Giorgetti has …

Italy Says to Meet NATOs 2% of GDP Defense Spending Goal This Year

Italy will meet NATO's 2% of gross domestic product (GDP) target on defense spending this year, Economy Minister Giancarlo Giorgetti said at a parliamentary hearing on Thursday.