The forecast for Higher Education Expenditure on R&D (HERD) financed by the government in Australia shows a slight decline from 2024 to 2028. The values exhibit a gradual decrease from 86.21 in 2024 to 85.59 in 2028. The year-on-year variation is minimal, averaging at -0.08% annually, indicating a stable but slightly reducing trend in government financing of HERD. Over the last two years, the reduction rate remains consistent.
Future trends to watch for include potential changes in government policy towards R&D funding, the impact of inflation and economic shifts on budget allocations, and global technological advancements that may require increased investment levels to maintain competitive edge.
