Financing of science should be increased to 2% of GDP, Putin said

The state and business need to increase funding for science to 2% of GDP. Russian President Vladimir Putin said this at the Future Technologies Forum.

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The state and business need to increase funding for science to 2% of GDP. Russian President Vladimir Putin said this at the Future Technologies Forum.

Special attention should be paid to breakthrough technologies, the head of state stressed. “Together with business, we need to increase funding for science to 2% [of GDP]. It is extremely important to direct all additional resources to support promising, breakthrough areas, Putin said. He added that simply replacing technological processes mastered by someone else is shortsighted and mistaken. The Forum of Future Technologies is held within the framework of the Decade of Science and Technology in Russia. The operator of the forum is the Roscongress Foundation, co-organizers are Russian corporations with the support of the Moscow government and the Ministry of Industry and Trade of the Russian Federation.

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society science business Vladimir Putin Minpromtorg newsfeed financing GDP technology Government of Moscow daylight
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