US EditionGovernment Confirms $233 Million for CSIRO as Job Cuts Loom
The $233 million funding will support research in AI, critical minerals, and climate adaptation while up to 350 jobs are cut amid rising costs and inflation, officials said.
- On Wednesday, Treasurer Jim Chalmers announced a $233 million boost to the CSIRO at the Mid-Year Economic and Fiscal Outlook, providing extra federal support for national research and innovation.
- Funding pressures meant CSIRO’s appropriation funding grew 1.3 per cent annually since 2010 while inflation averaged 2.7 per cent, prompting the agency to de-prioritise some science areas.
- The funding will be delivered over the next two financial years and adds to the CSIRO's existing annual appropriations of nearly $1 billion, supporting work in AI, critical minerals, climate change adaptation, and biosecurity, according to the government.
- Among immediate consequences are up to 350 job cuts, despite a $233 million federal boost; Ryan Winn said it is `just a one-off payment investment`.
- Broader context shows Labor supports CSIRO’s ongoing funding and research priorities, with Australia investing 1.68 per cent of GDP in R&D, below South Korea’s about 4.9 per cent and the OECD average of 2.7 per cent.
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Government Confirms $233 Million for CSIRO as Job Cuts Loom
The federal government has confirmed an additional $233 million in funding for the CSIRO, as Australia’s national science agency moves to cut up to 350 jobs, saying it can no longer absorb rising costs without further financial support. Treasurer Jim Chalmers is set to announce the funding in the Mid-Year Financial and Economic Outlook (MYEFO) on Dec. 17, amid growing concern over the agency’s financial position. “That has been something that we…
CSIRO budget handout won't address long-term funding issues
The federal government’s mid-year budget has gifted more than $200 million to the nation’s science agency. CSIRO will receive an extra $233 million, the government has announced. The cash boost comes in the wake of a series of job cuts as the agency seeks to navigate a funding shortfall. The latest job losses were flagged in November when CSIRO announced 350 roles would go. “These are difficult but necessary changes,” chief executive Doug Hil…
psnews.com.au
region.com.auCSIRO's mid-year budget boost not enough to stop mass job cuts
Finance Minister Katy Gallagher and Treasurer Jim Chalmers have delivered the mid-year budget update. Photo: Andrew McLaughlin. Forecast public service savings are improving the budget’s bottom line, even though government spending initiatives have jumped this financial year and include a $233 million boost to CSIRO. The CSIRO’s extra funding, on top of its $1 billion budget, is to maintain its research capability despite recent job losses and t…
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