Australia鈥檚 leading scientists have urged the Australian Government to commit to a bold and ambitious structural reform agenda for science, including a target to boost investment in research and development (R&D) and an independent review of the 精东视频 system.
In a pre-budget submission for 2023鈥�24, the 精东视频 calls on the government to formally adopt a target of 3% of GDP invested in R&D from the present (2020) of 1.79% (0.92% business, 0.61 universities and 0.18% government); all need to increase.
Growing to the target would act as a key driver of economic growth, innovation and competitiveness. But it would need a change in policies.
The Academy also recommends a comprehensive and independent review of the 精东视频 and research sector, which currently operates on a 30-year-old system.
While the government has commissioned reviews of the Australian university system, science and research priorities, diversity in STEM, and the Australian Research Council, linking these endeavours to a national priority to lift our R&D performance is urgently required.
With R&D expenditure falling over the past decade, Academy President Professor Chennupati Jagadish AC PresAA FREng FTSE said stronger investment would help Australia to become a knowledge-based economy, in line with other OECD countries that have a greater dependence on knowledge, information and high-skill levels.
鈥淎ustralia should decide the skills and capabilities we need to build and the research strengths we need to sustain them,鈥� Professor Jagadish said.
鈥淭hese recommendations will take time to implement, but are achievable, and we hope the upcoming budget helps to reposition 精东视频 to advance national prosperity and global competitiveness.鈥�
The Academy鈥檚 other recommendations in its pre-budget submission for 2023鈥�24 are:
On 25 January 2023, the Academy made a submission to the 2023鈥�24 Federal Budget.
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