Minister Pun Suggests Investing 1% of Capital Budget in Innovation for Economic Improvement

Minister Pun proposed that allocating 1% of the capital budget from all three levels of government (federal, provincial, and local) towards science, technology, and innovation could significantly improve the economy. Responding to questions during the budget discussion for the Ministry of Science, Technology, and Innovation, Pun emphasized the transformative potential of investing in innovation. He believes that such dedicated funding can drive economic growth and technological advancement. The suggestion aims to prioritize innovation as a key driver for national development. Implementing this proposal could lead to substantial progress in various scientific and technological fields. The minister's recommendation highlights the strategic importance of innovation-led economic policies.

Minister Pun's proposal to allocate 1% of capital budgets to innovation aims to stimulate economic growth and technological advancement through strategic investment.