August 7, 2023
2 mins read

EU governments increased R&D allocations by 5% in 2022

On the other hand, EU countries with the lowest R&D budget allocations per person were Romania (Euro 17.6 per person), Bulgaria (Euro 27.3) and Latvia (Euro 49.6)…reports Asian Lite News

In 2022, the total government budget allocations for R&D (GBARD) across the EU stood at Euro 117.4 million, equivalent to 0.74 per cent of the GDP. This was a 5.4 per cent increase compared with 2021 (Euro 111 393 million) and a 49.2 per cent increase compared with 2012 (Euro 78 656 million).

Data on government budget allocations for R&D (GBARD) published by Eurostat today showed that in 2022, government budget allocations for R&D at the EU level stood at Euro 262.7 per person, a 47.2 per cent increase compared with 2012 (Euro 178.5 per person). The highest allocations were recorded in Luxembourg (Euro 661.6 per person), followed at a distance by Denmark (Euro 529.1) and Germany (Euro 517.6).

On the other hand, EU countries with the lowest R&D budget allocations per person were Romania (Euro 17.6 per person), Bulgaria (Euro 27.3) and Latvia (Euro 49.6).

Between 2012 and 2022, all EU governments increased their budget allocations for R&D in terms of Euro per person. The largest percentage increases were recorded in Latvia (+208 per cent from Euro16.1 per person in 2012 to Euro 49.6 in 2022) and Greece (+129 per cent from Euro 66.0 to Euro 151.2). Sweden registered the lowest percentage increase in this reference period (+4 per cent from Euro 377.7 to Euro 391.6).

The biggest share of the government budget allocations for R&D, namely 35.5 per cent, was directed to the general advancement of knowledge financed in a large majority by a public block grant known as public general university funds (GUF), which many public higher education institutions receive to support all their activities. Next, the allocation of 16.5 per cent of the GBARD was earmarked for the general advancement of knowledge from other sources than GUF, followed by 10.2 per cent to industrial production and technology, 8.3 per cent to health and 5.9 per cent to exploration and exploitation of space.

Although the most representative objectives in 2022 are the same as in 2021, a significant increase was observed in defence, from 2.6 per cent in the previous year to 4.2 per cent in 2022. (ANI/WAM)

ALSO READ-MBSC honors graduates in grand ceremony, fostering entrepreneurship for Saudi future

Previous Story

UK govt partners with tech firms to curb migrant arrivals

Next Story

Slovenian PM terms floods ‘worst’ natural disaster in country’s history

Latest from -Top News

Awami League Blasts Yunus ‘Propaganda’

Sheikh Hasina’s party slammed Ordinance No. 30, 2025, calling state recognition of the event an attempt to legitimise an “unconstitutional and unethical conspiracy….reports Asian Lite News Bangladesh’s ruling Awami League has strongly

Pakistan Snubs US at UN

Ahmad said that Pakistan, in collaboration with its all-weather friend, China and its ally, Russia, was circulating a draft resolution for the Council to adopt….reports Asian Lite News Despite the high-profile lunch

Violence against children hit unprecedented levels

In Somalia, it reported 2,568 violations against 1,992 children.In Nigeria, 2,436 grave violations were reported against 1,037 children The UN kept Israeli forces on its blacklist of countries that violate children’s rights

Japan Cancels U.S. Talks

The cancellation also coincides with Japan’s upcoming upper house elections on July 20, which are expected to test Ishiba’s fragile minority coalition Japan has cancelled a planned high-level security meeting with the

Modi calls Yoga a journey from ‘me’ to ‘we’

PM Modi showered praise on the Andhra Pradesh government for hosting this year’s national celebrations, commending Chief Minister N. Chandrababu Naidu and Deputy Chief Minister Pawan Kalyan for their leadership. Prime Minister
Go toTop

Don't Miss

Modi to visit France after India-EU summit

After wrapping a very successful visit to Bangladesh on March

Ukraine tops agenda as EU foreign ministers meet

Borrell met Wang at the Munich Security Conference over the