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Boost for Sweden’s research pot

The Swedish government is expected to spend 36.7 billion Swedish kronor (€3.8bn) on research and innovation in 2017, kr2.3bn more than the previous year.

The government is spending almost 4 per cent of its budget on research and innovation, Statistics Sweden said in a statement on 6 April. This amounts to 0.8 per cent of the country’s GDP. The increase is partly due to developing a new IT system, which the government has allocated about kr1bn.

The government has doubled the amount of money it spends on research since 1998. About 3.8 per cent of the budget has gone to research in the past nine years, the agency said.

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