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Research and development accounts for 0.7 pct of 2011 budget

Izvor: Hina
Autor: half
ZAGREB, Dec 31 (Hina) - In 2011, HRK 2.48 billion was earmarked in the state budget for research and development, accounting for 0.74 per cent of gross domestic output, the State Bureau of Statistics said on Monday.

Of that figure, 69.5% was intended for tertiary education, followed by 24% intended for the government sector, 5.5% for the business sector, and 0.09% for the non-profit sector.

Funds earmarked for research and development in the 2012 budget amounted to a little under HRK 2.6 billion.

(Hina) ha

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