Government R&D spending as a share of GDP is set to continue its slide after a brief bump over the last two years, with new data forecasting expenditure will grow just $215 million this financial year.
As industry leaders prepare to make the case for an R&D boost at the productivity roundtable, the Industry department has released new modelling that shows R&D expenditure will climb 1.4 per cent to $15.14 billion in 2025-26.
But as a proportion of GDP, government R&D spending will fall marginally from 0.54 per cent to 0.53 per cent, due in part to the first drop off in R&D Tax Incentive (RDTI) payments for almost a decade.
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