In the Republic of Serbia, in 2019 the amount of 21,856.218 thousand RSD of budgetary funds were spent for the Research and Development (R&D) activity.
The share of total budgetary funds for R&D in GDP reached 0.40% in 2019.
The largest percentage of the budget for research and development in 2019 came from the government sector (58.7%), followed by the tertiary education sector (26.9%). In total funds for financing research and development, funds from international organizations account for around 10%. The non-financial (business) sector accounts for around 3.4%, while less than 1% of the funds were allocated for the non-profit sector.
Regarding the socio-economic objectives, the highest budgetary funds allocated for research and development in 2019 were spent on the goal: General Knowledge Improvement - Research and Development funded from the General University Funds - GUF (25.1%). For the goal: Industrial Production and Technology 16.5% were spent, and the least funds were spent on the goal: Exploration and Exploitation of space (0.5%).
The planned government budget appropriations or outlays for the R&D activity in 2019 (before budget adjustment) amounted to 15,954,389 thousand RSD. Most of funds, 26.8%, were intended for the objective General Advancement of Knowledge: R&D financed from the General University Funds.