The Australian Government’s mid-year economic and fiscal outlook (MYEFO) has allocated a one-off funding of $233 million for the Commonwealth Scientific and Industrial Research Organisation (CSIRO) and $40.8 million for the Australian Nuclear Science and Technology Organisation (ANSTO). While this funding is seen as a positive step, concerns have emerged regarding the long-term sustainability of research and development (R&D) funding in Australia.
Professor Chennupati Jagadish AC, President of the Australian Academy of Science, emphasized that the funding, although welcomed, is insufficient to reverse more than a decade of declining R&D investment. He stated that a comprehensive strategy is urgently needed to address this long-term issue. The Academy anticipates recommendations from the Denholm Report, which results from an independent review of the Australian R&D system. These recommendations are expected to advocate for reversing the downward trend in R&D funding and recognizing R&D as a crucial national asset.
“More than 10 years of decline in science funding cannot be restored in one budget,” Professor Jagadish remarked. He urged the Albanese Government to take the findings of the strategic examination seriously and to commit to long-term R&D reforms and investments. He believes that thriving in an era marked by extensive technological, geopolitical, and environmental changes necessitates increased investment in science and technology.
The recent budget also included cuts to the Global Science and Technology Diplomacy Fund (GSTDF), which supports international science and research collaborations, particularly in areas prioritized by the Australian Government, such as advanced manufacturing, artificial intelligence, quantum computing, hydrogen production, and RNA technologies. Professor Jagadish criticized these cuts, arguing they reflect a misunderstanding of the significance of international research partnerships.
“The cut to the GSTDF is shortsighted. Just last September, Minister Ayres publicly expressed his enthusiasm for the fund, acknowledging that Australia is stronger, smarter, safer, and more resilient when engaged in international research collaboration,” he said.
The Academy’s leaders stress that investments in science and technology are not merely optional expenditures but essential for national progress. As Australia navigates complex global challenges, a robust and forward-thinking approach to R&D funding will be critical for fostering innovation and enhancing the country’s global standing.
