In 2023, Canada's government expenditure on R&D in natural sciences and engineering was below 2.73 billion Canadian Dollars. From 2024 onwards, forecasted figures depict a gradual increase: 2.73 (2024), 2.76 (2025), 2.78 (2026), 2.81 (2027), and 2.84 (2028). This represents steady year-on-year growth, with an increasing trend noticeable over the past two years. The compound annual growth rate (CAGR) over this period is modest, indicating a slow but consistent increase in investment.
Future trends to watch for include:
- Potential policy changes impacting funding allocation.
- Emerging scientific priorities that may require additional funding.
- Global economic factors that could influence government spending.
