The forecast for Italy's government budget appropriations for R&D in defence from 2024 to 2028 shows a steady upward trend. In 2024, the funding is expected to be at 17.21 billion USD PPP, increasing to 20.3 billion USD PPP by 2028. This represents an average compound annual growth rate of around 4.2% over the five-year period. The year-on-year growth is consistent, indicating a robust commitment to enhancing defence capabilities through R&D investments.

Future trends to watch for:

Inflation impacts and economic fluctuations, which may influence government spending allocations.
Increasing focus on technological advancements, including cybersecurity and AI in defence.
Potential geopolitical tensions that could lead to further escalations in defence R&D budgets.
Collaborations and shared projects within European defence initiatives that might alter budget priorities.