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R&D funding decreases in the budget for 2023

release | Government R&D funding in the state budget 2023

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In the state budget for 2023, the total appropriations for research and development activities amount to EUR 2,354.9 million. According to Statistics Finland, appropriations for research and development in the state budget decrease by EUR 133.7 million, or 5.4 per cent, relative to the budget for 2022. The share of government R&D funding of gross domestic product is estimated to be around 0.83 per cent.


Government R&D funding and it's share of GDP from 2018 to 2023 (*2022-2023 preliminary data)

20182019202020212022*2023*
R&D funding at current prices, Mill. EUR1,951.02,008.92,286.62,235.62,488.52,354.9
GDP share of R&D funding, %0.840.840.960.890.910.83
Annual change in R&D funding, %3.452.9713.82-2.2311.31-5.37
Central government expenditure excluding debt servicing, Mill. EUR54,092.054,113.066,171.065,214.064,252.079,015.0
Share of R&D funding in central government expenditure excluding debt servicing, %3.613.713.463.433.872.98

Key selections

  • Appropriations for research and development funding in the state budget for 2023 amount to EUR 2,354.9 million in total.
  • The GDP share of government R&D funding is estimated to be around 0.83 per cent in the budget for 2023.
  • The share of R&D funding in government expenditure excluding debt servicing is around 3 per cent in the budget for 2023.

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