{"id":39159,"date":"2018-11-02T07:31:46","date_gmt":"2018-11-02T07:31:46","guid":{"rendered":"https:\/\/one.sightlinemg.com\/defensenews\/uncategorized\/2018\/11\/02\/italy-spends-57-billion-on-military-procurement-in-2018\/"},"modified":"2026-08-07T23:07:37","modified_gmt":"2026-08-07T23:07:37","slug":"italy-spends-57-billion-on-military-procurement-in-2018","status":"publish","type":"post","link":"https:\/\/one.sightlinemg.com\/defensenews\/global\/europe\/2018\/11\/02\/italy-spends-57-billion-on-military-procurement-in-2018\/","title":{"rendered":"Italy spends $5.7 billion on military procurement in 2018"},"content":{"rendered":"\n

ROME \u2014 Italy has spent slightly more than \u20ac5 billion (U.S. $5.7 billion) on defense procurement in 2018 and launched a series of new programs, a newly released spending document has revealed.<\/p>\n\n\n\n

Published months behind schedule, the Defence Ministry document also states that the ministry\u2019s overall budget, which includes its contribution to procurement as well as funds for personnel and maintenance and operations, stood at \u20ac13.8 billion this year, up from \u20ac13.2 billion the year before.<\/p>\n\n\n\n

The total budget for procurement combines a \u20ac2.3 billion contribution from the Defence Ministry funding with a \u20ac2.8 billion top-up from Italy\u2019s Ministry of Economic Development, which has long shored up acquisition funding.<\/p>\n\n\n\n

A chart published in the document shows that procurement funding from the defense ministry has risen 83 percent from \u20ac1.5 billion in 2008, and overtook Defence Ministry procurement in 2016 for the first time.<\/p>\n\n\n\n

The figures are contained in Italy\u2019s annual defense spending document, which is due to be examined by the Italian parliament\u2019s defense commission next week and has been seen by Defense News.<\/p>\n\n\n\t