Australian government R&D expenditure reaches $4.3B n in 2022-23

Full story: https://grafa.com/news/australian-government-r-d-expenditure-reaches--4-3b-n-in-2022-23-234610

Australian government research and development expenditure soared to $4.3 billion in 2022-23, marking a 20% increase in two years, with the government leading the charge in research investment, outpacing both the university and private sectors.

The surge is attributed to post-pandemic recovery efforts, boosted funding in defense and emissions reduction research, according to the Australian Bureau of Statistics.

Environmental research and development saw an uptick, with a 2.7% increase in socio-economic objectives, driven by endeavours to meet emissions reduction targets.

Health and defence sectors remained the primary focus areas, constituting 35.9% of total government research and development spending.

Commonwealth and State/Territory governments saw a parallel 20-21% growth, albeit with differing research and development priorities, particularly in defence and health.

Collaboration with non-government entities, including industry contributions, went up, comprising 21.7% of total funding, the highest in three decades. However, government research and development expenditure as a percentage of GDP has remained static at 0.17% since 2018-19.

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However, government research and development expenditure as a percentage of GDP has remained static at 0.17% since 2018-19.</p></body></html>","htmlText":"<html><head></head><body><p class=\"t-img-caption\"></p>\n<p>Full story: <a href=\"https://grafa.com/news/australian-government-r-d-expenditure-reaches--4-3b-n-in-2022-23-234610?utm_source=ttmfinancial&amp;medium=social&amp;campaign=234610&amp;referralcode=A314DFDBE96C354756A893C6E3E02493\">https://grafa.com/news/australian-government-r-d-expenditure-reaches--4-3b-n-in-2022-23-234610</a></p>\n<p>Australian government research and development expenditure soared to $4.3 billion in 2022-23, marking a 20% increase in two years, with the government leading the charge in research investment, outpacing both the university and private sectors.</p> \n<p>The surge is attributed to post-pandemic recovery efforts, boosted funding in defense and emissions reduction research, according to the Australian Bureau of Statistics.</p> \n<p>Environmental research and development saw an uptick, with a 2.7% increase in socio-economic objectives, driven by endeavours to meet emissions reduction targets.</p> \n<p>Health and defence sectors remained the primary focus areas, constituting 35.9% of total government research and development spending.</p> \n<p>Commonwealth and State/Territory governments saw a parallel 20-21% growth, albeit with differing research and development priorities, particularly in defence and health.</p> \n<p>Collaboration with non-government entities, including industry contributions, went up, comprising 21.7% of total funding, the highest in three decades. However, government research and development expenditure as a percentage of GDP has remained static at 0.17% since 2018-19.</p></body></html>","text":"Full story: https://grafa.com/news/australian-government-r-d-expenditure-reaches--4-3b-n-in-2022-23-234610 Australian government research and development expenditure soared to $4.3 billion in 2022-23, marking a 20% increase in two years, with the government leading the charge in research investment, outpacing both the university and private sectors. The surge is attributed to post-pandemic recovery efforts, boosted funding in defense and emissions reduction research, according to the Australian Bureau of Statistics. Environmental research and development saw an uptick, with a 2.7% increase in socio-economic objectives, driven by endeavours to meet emissions reduction targets. Health and defence sectors remained the primary focus areas, constituting 35.9% of total government research and development spending. 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