Finland to raise R&D spending by one per cent in 2005

February 24, 2005

Brussels, 23 Feb 2005

The Finnish government has announced that it will raise public expenditure on research and development (R&D) by 56 million euro to a total of nearly 1.6 billion euro for 2005, a rise of one per cent in real terms on the previous year.

Overall, the share of total government spending set aside for R&D in 2005 will be 4.5 per cent - a figure that has remain unchanged since 2002. The government departments that will benefit most from the spending increase are the Ministry of Education, the Ministry of Trade and Industry and the Ministry of Defence.

The two largest research funding organisations in Finland, the Finnish National Technology Agency (Tekes) and the Academy of Finland, will see modest real-terms increases in their budgets of 1.1 and 1.5 per cent respectively. The biggest budget rises among research funding organisations will be found among 'other R&D funders' such as government ministries.

A breakdown of the government's R&D spending plans for 2005 according to socio-economic objective reveals that the best-supported category is 'the general advancement of knowledge'. However, the largest spending increase in 2005 will be channelled towards 'funding of industrial production and technology', which will receive an extra 24 million euro.

For further information, please consult the following web address:
http:///tilastokeskus.fi/tk/yr/ttba_en.ht ml

CORDIS RTD-NEWS / © European Communities
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