In the Republic of Serbia, in 2016 the amount of 16.312.531thous. RSD of budgetary funds were spent for the R&D activity (after budget adjustment). The share of budgetary funds for R&D in GDP reached 0,39%.in 2016. The largest percentage of the budget for research and development in 2016 came from the state sector (47.5%), followed by the higher education sector (36.9%). In total funds for financing higher education, funds from international organizations account for around 10%. The non-financial (business) sector accounts for around 4%, while only 1.4% of the funds were allocated for the non-profit sector.