With Russias invasion of Ukraine as an opportunity, discussions on increasing defense spending in Italy are expected to begin in earnest.
Reuters reports that the Italian parliament has approved a report calling for a gradual increase in the countrys defense spending to 2% of its gross domestic product (GDP).
The purpose is that an increase in the related budget is inevitable to ensure military deterrence to protect the national interest.
This is interpreted as Congress supporting the governments mid-to-short-term goal of raising defense spending to 2% of GDP by 2024.
According to the Catholic University of Milans own estimate, as of last year, Italys defense expenditure was 24.4 billion euros, or about 32.7 trillion won in Korean money, or 1.37% of GDP.
In Europe, Germany, Poland, and Denmark are pushing for an increase in defense spending.
German Chancellor Olaf Scholz announced last month that he would invest 100 billion euros, or about 134 trillion won, of our money, double the annual defense budget last year, to modernize the military power, including the purchase of attack drones and the latest fighters.
North Atlantic Treaty Organization Secretary-General Jens Stoltenberg said at a press conference after a meeting of defense ministers of member countries on the 16th that investment is necessary to strengthen deterrence and defense. emphasized.