Exact(2)
"It is disappointing to see the latest data showing expenditure drop back by both government and business, as investment in R&D and innovation is critical if the UK economy is going to compete in fast-growing markets," said Lee Hopley, EEF's chief economist.
For example, in 1997 1998 when food prices also shot up dramatically, urban dwellers in Indonesia suffered a sharper expenditure drop than rural areas, while in Thailand, traditionally poorest regions and the rural Northeast were hit the hardest.
Similar(6)
The annual report revealed that, although expenditure dropped 6% from the previous year, revenue had also fallen.
In 2009, basic and applied research spending constituted 4.7 % and 12.6 of total R&D expenditure, dropping from 2000 levels of 5.2% and 17%, respectively.
The figures also show that personal expenditure dropped by 3% on a seasonally adjusted basis between the last quarter of 2012 and the first quarter of 2013.
Budget expenditure dropped from €71 billion to €55 billion, which roughly translates to €16 billion annually, through cuts in pay and pensions, and the loss of 120,000 public service jobs.
Average expenditure dropped from US$11 per episode of care to less than US$2 after the intervention was implemented.
It can be observed from the above table that the share of private sources in the total health expenditure dropped by 27 percentage points, while that of external sources increased by 32 percentage points.
Related(1)
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CEO of Professional Science Editing for Scientists @ prosciediting.com