Budget 2018-19

​ This year’s federal budget sees an investment of $2.4 billion in Australia’s science and technology capabilities that will deliver stable support for our researchers and entrepreneurs across the coming decade.

Science investment announced in the 2018-19 Budget on 8 May 2018 includes additional funding for national research infrastructure and the Australian Technology and Science Growth Plan that will deliver cutting edge digital infrastructure; deliver more opportunities to skill our workforce; establish a new space agency; and introduce measures to boost our export potential.

These investments will support the creation of new ideas and businesses, generate more employment opportunities, encourage commercial opportunities, ensure the continuation of ground-breaking research and provide researchers and industry with greater access to cutting-edge facilities.

This investment is providing new funding of:

  • $1.9 billion over twelve years, including $199.2 million in 2017-18, to implement the National Research Infrastructure Investment Strategy.
  • $41 million over four years to establish an Australian space agency and make initial investments in international projects.
  • $20 million for Small and Medium Enterprises to support collaboration and global export capability.
  • $29.9 million over four years to strengthen Australia’s capability in Artificial Intelligence and Machine Learning to support economic growth and the productivity of Australian businesses.
  • $20 million over four years to support Australian innovation in Asia.
  • $260 million over four years in satellite positioning and imaging infrastructure through Geoscience Australia.
  • $4.5 million for a suite of new measures to encourage girls and women to pursue STEM education and careers.
  • $70 million for new supercomputers at the Pawsey Supercomputing Centre.

Support for our key science agencies is also growing, with CSIRO’s annual appropriation growing from $793.5 million in 2017-18 to $833.7 million in 2018-19.

In addition the government has provided new funding to support vital national initiatives including:

  • $106 million over 10 years for two new initiatives to support Antarctic science.
  • $500 million over 10 years for a Genomics Health Futures Mission that will save and transform the lives of more than 200,000 Australians.
  • $240 million for a new Frontier Science program to develop innovative medical ideas, research, devices and treatments.
  • $248 million for clinical trial activities for research on rare cancers and diseases.
  • $100 million to harness the best science to implement restoration for the Great Barrier Reef and fund science that supports reef resilience and adaptation.

Read Minister Cash's media release for futher information.

Share this Page