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Federal Obligations for R&D Increased Nearly 14% in FY 2021, Supported by COVID-19 Pandemic-Related Funding.
Analysis

Federal Obligations for R&D Increased Nearly 14% in FY 2021, Supported by COVID-19 Pandemic-Related Funding

September 25, 2023
Federal agency obligations for research and experimental development (R&D) reached an all-time high of $190.2 billion in FY 2021, an increase of  $22.7 billion (13.6%) from FY 2020. Of the $190.2 billion in federal R&D in FY 2021, $35.6 billion were from COVID-19 pandemic-related stimulus funds.

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