In fiscal year 2022, the federal government spent $76 billion subsidizing nondefense, scientific research. This component of federal expenditure is modest relative to the $6.27 trillion total, or the $632.7 billion private sources spent on research and development in 2021. It nevertheless merits scrutiny.
Governments Should Not Fund Research
Governments Should Not Fund Research
Governments Should Not Fund Research
In fiscal year 2022, the federal government spent $76 billion subsidizing nondefense, scientific research. This component of federal expenditure is modest relative to the $6.27 trillion total, or the $632.7 billion private sources spent on research and development in 2021. It nevertheless merits scrutiny.