CURRENT INTELLIGENCE WEEKLY SUMMARY

Created: 3/15/1963

OCR scan of the original document, errors are possible

COPY NO. 77

OCI NO. 53

Current Intelligence Weekly Summary

CENTRAL INTELLIGENCE AGENCY

OFFICE OF CURRENT INTELLIGENCE

The Current intelligence Weekly Summary has been prepared primarily lor the internal use of the Central Intelligence Agency, it does notomplete coverage of all current situations. Comments and conclusions represent the immediate appraisal of the Office of Current Intelligence.

CURRENT INTELLIGENCE WEEKLY SUMMARY

ITALY AND THE MULTILATERAL NUCLEAR FORCE

Italy's narked economic progress in recent years has given rise to Increasingself-confidence and the expectation ofarger role in NATO and elsewhere on the international scene, f

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CURRENT INTELLIGENCE WEEKLY SUMMARY

The Defenso Budget

With the country's growing prosperity, the government bas Id recent years made considerable increases in the defense budget; total defense payments have gradually risen from less0 million in36 million forhese amounts have, however,rogressively smaller annual share of both the total budget and the grossercent respectively

Should Italy participateultilateral nuclear force, major increases in the defense budget would be required. the economic progress of the past few years, however, Italian per capita income remains among Europe's lowest, and the disparity betweenin the North and poverty in the South is still striking. In view of this factor and the scope of the economic reform program to correct it, the government will probably be reluctant to ask for increases in defense spending.

Agreement has also been reachedS proposal Intended to offset the adverse balance-of-payments Impact on the US ofexpenditures in Italy through greatly Increased Italian procurement of American military goods and services. The USull offset ofear. An Italian commitment to purchasenterestmilitary equipment from the US3 was reached last November.

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