October 5, 2007

Federal Spending on Research Trailed Inflation in 2006

By JEFFREY BRAINARD

Federal spending for academic research and development fell in the 2005-6 fiscal year, after adjusting for inflation, for the first time in nearly 25 years, the National Science Foundation said in a report released last week. However, total expenditures rose after inflation, driven by a large leap in spending by universities themselves.

The federal government provided $30.03-billion in the 2006 fiscal year, a decrease of 0.1 percent from 2005 after inflation. The last time federal

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