13/05/2026
The 2026-27 federal budget includes positive steps to support research and innovation, but it falls short of providing the full and proper investment needed to unlock our sector’s full potential.
We welcome the establishment of the National Resilience and Science Council, increased support for medical research, incentives for SMEs to engage in and commercial research and the government’s commitment to Horizon Europe.
But we need to do much more for skills and research, through sustained investment in and commitment to the Australian Universities Accord and the Strategic Examination of Research and Development, to enable our universities to produce the pipeline of skilled workers and the new ideas and innovation that will make Australia better, stronger and more prosperous in the decades to come.
This budget falls short of providing the support for universities, skills and innovation that Australia needs and deserves. There is more work to do.
Read our full media release on the budget here: https://universitiesaustralia.edu.au/media-item/response-to-the-2026-27-federal-budget/
Jim Chalmers MP Anthony Albanese Jason Clare Andrew Giles MP Senator Tim Ayres
The 2026-27 federal budget recognises the difficult economic environment facing the government, but it comes at a time when Australia cannot afford to take its foot off the accelerator on skills, research and innovation.