Turkey sees big increase in 2016 spending on research

July 20, 2017 Off By Web Desk

Ankara (IINA) – The Turkish government’s spending on research and development increased by 21.6 percent year-on-year to around $2.1 billion in 2016, according to the Turkish Statistical Institute (TurkStat) on Wednesday.

“The central government’s budget expenditure on research and development accounted for 0.29 percent of gross domestic product and 1.14 percent of the central government’s budget expenditure in 2016,” TurkStat said in its report.

The government budget outlays on research and development totalled approximately $1.75 billion in 2015, it said.

The report added the Turkish government allocated some $2.3 billion on research and development for the year 2017.

In Turkey, the largest fund was allocated to universities with 36 percent marked for this year; this was followed by defence with 21.2 percent; industrial production and technology with 9.9 percent; education with 6.6 percent; transport, telecommunication and other infrastructures with 6.3 percent; and agriculture with 5.3 percent.

Source: International Islamic News Agency