Decrease of 94 in Government expenditure on RD within two years –

first_img SharePrint <a href=’;cb={random}’ target=’_blank’><img src=’;cb={random}&amp;n=ab2c8853&amp;ct0={clickurl_enc}’ border=’0′ alt=” /></a> Statistics from the National Statistics Office have revealed that from 2015 till 2017, there has been a decrease of 94.86% in Government expenditure on research and development (R&D), reducing from €11.8 million to €607,000.In total, there has been a decrease of €5.56 million in expenditure on R&D in Malta.During 2017, an increase of €7.2 million was registered in total expenditure on R&D activities, equivalent to 12.3% of GDP. In 2015, total R&D expenditure was registered at €71.49 million, or 0.74% of GDP.The Business Enterprise is leading R&DThe Business Enterprise sector contributed 65.3% to total R&D, whereas the Higher Education and Government sectors contributed 33.8% and 0.9% respectively.In 2017, both the Business Enterprise sector and the Higher Education Sector reported an increase in R&D expenditure compared to 2016. The higher R&D expenditure was triggered by higher outlays on recurrent expenditure of €7.6 and €2.8 million respectively. Capital expenditure for these two sectors dropped by €900,000 and €2.1 million respectively. The Government sector registered a drop of €0.2 million, primarily in recurrent expenditure.Primarily the R&D expenditure is dedicated to Basic Research, with a 52.1% of total R&D in 2017, followed by Applied Research (32.6%) and Experimental Development (15.3%).Breakdown of expenditureLabour costs represented 72% of total R&D expenditure, followed by recurrent expenditure (20.7%) and capital projects (7.1%).In 2017, the highest rate of R&D activity was recorded in Engineering and Technology which accounted for 45.7% of total expenditure, followed by Natural Sciences (22%) and Medical Sciences (16%).Government budget allocations for R&D in 2018In 2018, the highest outlays of Government budget allocations for R&D (GBARD) were recorded in the socio-economic activities related to Health (€6 million), Culture, recreation, religion and media (€4.4 million), Political and social systems, structures and processes and Industrial production and technology (both €4.1 million). Compared to 2017, GBARD increased by €3.8 million.WhatsApplast_img

Leave a Reply

Your email address will not be published. Required fields are marked *