9 months ago
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Technology experts sound the alarm as authorities try to encourage private investment
Australian science has been “left behind” as federal funding for research and development sinks to a 30-year low, a leading technology organisation has warned, with concerns that the shortfall is leaving the nation open to economic shocks and shortages of critical items like vaccines.
Department of Industry, Science and Resources officials confirmed that direct government spending on R&D in 2022-23 was only 0.49% of GDP, “the lowest in the last 30 years”.
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