Thursday, February 28, 2008

"Federal R&D Funding Down in FY 2007"

The new National Science Foundation InfoBrief reports:
The National Science Foundation (NSF) tracks federal funds obligated annually for research and development and R&D plant. The most recent data, for FY 2007, show an estimated $116.4 billion in total obligations, almost the same level ($116.9 billion) reported for the previous year. However, when the data are adjusted for inflation, they reflect a nearly 3% decrease in R&D and R&D plant obligations, the first such decline since FY 2000.

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