Europe News Newswire International Defense Equipment and Services

Italy has cut its procurement spending by 15% in 2019 with maintenance and operations funds boosted by nearly one-fifth. Total procurement spending is €4.32 billion combining €1.87 billion from the Defence Ministry and €2.45 billion from Italy’s Ministry of Economic Development. That compares with a total of €5.08 billion spent last year, €2.3 billion from the Defence Ministry and €2.78 billion from the Ministry of Economic Development. The hike allows spending on maintenance and operations to rise 19% to €1.75 million, a welcome increase for generals who have mothballed kit over recent years for lack of maintenance, reports Defense News, and you can read the fuller breakdown here.

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