In 2023, the government budget for R&D stood at $190.50 billion. The forecast from 2024 to 2028 shows a steady yearly increase in R&D budgets and tax incentive support, starting from $194.66 billion in 2024 to $210.87 billion in 2028. The year-on-year growth trends exhibit a gradual increase, with the most significant annual jump occurring between years like 2027 and 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is modest, indicating a stable investment trajectory over the period.
Future trends to watch for include potential shifts in budget allocations due to policy changes, economic conditions, or emerging tech priorities. Monitoring how these factors influence R&D funding and incentive structures can provide insights into areas of evolving focus within the US economy.
