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Has Labor written off its promise to supercharge R&D?

A review into the innovation system would be timely if we seek to achieve the productivity gains Treasury has built into its forecasts.

Kim Carr

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Near on a decade of neglect has left Australia’s national innovation system in a lamentable state.

The most recent funding tables show that government expenditure on research and development as a percentage of GDP is at its lowest levels since records began. Further, that during the pandemic, education spending actually fell.

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    Original URL: https://www.afr.com/politics/federal/has-labor-written-off-its-promise-to-supercharge-r-and-d-20230612-p5dfys