Seanad debates

Wednesday, 5 February 2003

Industrial Development (Science Foundation Ireland) Bill 2002: Second Stage.

 

We need to spend the money wisely because we have a long way to go to catch up with even the OECD average, which is approximately 2.2%, and we are at approximately 1.2%. The EU has set an expenditure target of 3% of GDP, so we will have to almost treble our current levels to meet the target.

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