Aussie science funding hits new low

First published on PCMag.com – October 28th, 2014

Photo by Ramón Salinero  on Unsplash

 

I

t’s official. Australia is spending less on research and development than ever before

It’s official – we are spending less on research and development as a country than ever before. A recent Fairfax analysis puts the investment at a 30 year low at 2.2% of GDP – that puts us above only Slovakia and Greece and well below the OECD average.

Greens Deputy Leader Adam Bandt responded to the news by attacking the Government’s commitment to scientific funding.

“Cuts to CSIRO, clean energy programs and tax concessions for R&D have contributed to this woeful result.”

“Australia is on the verge of developing bionic eyes and printable solar cells, but the bodies that nurture these innovations are constantly under threat. We should be embracing these innovations and making sure they’ve got a secure future,”

But wait, we have a shiny new Commonwealth Science Council that is going to clean up the inefficiencies of the former Prime Minister’s Science, Engineering and Innovation Council. It comes with ten experts from the STEM and business communities: Nobel laureates; life-changing vaccine creators; incredibly successful business and technology representatives. And the announcement of a $12 million STEM education budget for young students.

Will this make up for the low budget commitment to science?…

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