AAAS Analysis Shows Uncertain Future for Federal R&D Spending

Spending cuts forced by the Budget Control Act, also known as sequestration, drove federal R&D spending for Fiscal Year 2013 down to 0.8 percent of GDP—the lowest level seen in 40 years. If sequestration continues, "it's quite likely that federal R&D as a share of GDP would drop below 0.8 percent for the first time in a very long time," said Matt Hourihan, director of the AAAS R&D Budget and Policy Program. . .

By AAAS, USA.

Technology Policy Resource.