Fiscal Policy FP 2019

Spend at least 2% of the GDP on Research and Development September 21, 2018
In progress
Sep 2018

Govt commits 1% of GDP to research September 21, 2018

Government has committed 1% of gross domestic product (GDP) towards research and development (R&D) across all sectors of the economy.

Government has set up a national innovation fund administered by the Ministry of Science and Technology Development to support research institutions and individuals with potentially innovative ideas.