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Italy Weighs €1.5 Billion Boost to Defence Budget

  • Draghi’s government to present budget update next week
  • Growth outlook for 2022 set to be slashed below 3% from 4.7%
An Italian Air force F-35 fighter jet.

An Italian Air force F-35 fighter jet.

Photographer: Jack Guez/AFP/Getty Images

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Italy is considering a plan to boost military spending by about 1.5 billion euros ($1.7 billion), a move that could stoke tensions within Prime Minister Mario Draghi’s ruling coalition.

The government may expand funding for the military this year as part of measures to allocate 2% of its output to the defense sector by 2028, two people familiar with the proposal said.