Finland's Public R&D Funding Amounts to nearly EUR 1.7 Billion in 2006

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Helsinki, 22 February, 2006 — Finland's Public R&D Funding Amounts to Nearly EUR 1.7 Billion in 2006

Government budget appropriations or outlays on research and development (GBAORD) for 2006 amount to EUR 1,680 million. Increase from the previous year is EUR 83 million. In nominal terms research expenditure is set to rise by 5.2 per cent and in real terms by 2.7 per cent. Government R&D expenditure as a proportion of overall government spending exclusive of debt servicing stands at 4.5 per cent, which is the same as in the year before. The share of public R&D funding of GDP exceeds 1.05 per cent.

Funding goes up most, by EUR 44 million, in the administrative branch under the Ministry of Education. Funding under the Ministry of Trade and Industry, the other administrative branch that is major receiver of R&D funding, also increases by almost equally much, or by EUR 41 million. R&D funding in the administrative branch under the Ministry of Social Affairs and Health also grows by EUR 7 million.

More information
http://www.StatisticsFinland/R&D