Economy
Government Space Budgets
Economy: Space Economy – TSR 2015
2014 – Additional Country Space Budgets
Around the globe, many smaller nations—whether in terms of economy or population size—are investing in space projects or programs. The exhibit below shows the most recent available annual budget for civil space activities in a number of selected space states.
2014 – South Korean Government Space Budget
South Korea’s civil space program is overseen by the Ministry of Science, ICT, and Future Planning (MSIP). The Ministry also drafts, authorizes, and coordinates national space policy and has regulatory authority over space object registration, launch authorization, and launch insurance requirements. South Korea’s 2014 budget was ₩## billion (US$## million), which was ##% of South Korea’s 2014 national budget of ₩## trillion (US$## billion). The largest portion of the total space budget was allocated to the Korea Aerospace Research Institute (KARI), which received approximately ₩## billion (US$## million).
2014 – Russian Government Space Budget
In 2014, Russia’s space agency Roscosmos received a budget of approximately ## billion rubles (US$## billion). This is a ##% increase from the 2013 budget of ## billion rubles (US$## billion). This was the last budget to be assigned to Roscosmos prior to a reorganization of Russian space activities. In 2014, the Russian government consolidated organizations whose activities include developing, manufacturing, testing, shipping, and selling rockets. This joint stock company, called United Rocket and Space Corporation (URSC), was wholly owned by the Russian Federation and combined 62 entities. In January 2015, Russian President Vladimir Putin approved the further consolidation of URSC and Roscosmos.
2014 – Japanese Government Space Budget
Japan’s FY 2014 space budget, which extended from April 1, 2014 to March 31, 2015, encompassed 11 different government organizations and totaled ¥## billion ($## billion), which included ¥## billion ($## million) in supplemental funds carried over from FY 2013. This was an ##% increase over its 2013 budget of ¥## billion ($## billion).
2014 – Israeli Government Space Budget
Israel often works with other countries to cooperate in its space endeavors, whether civil, national security (or dual-use), or commercial. Its civil space organization, the Israel Space Agency (ISA), overseen by the Ministry of Science, Technology & Space, has had a reference annual budget of ## million shekels (US$## million) since 2012—prior to that it received a nominal fee for basic operations, and any needs for individual projects beyond a few million shekels had to be requested from the Ministry of Finance.
2014 – Indian Government Space Budget
In 2014, India’s Department of Space received a budgetary allocation of ## billion rupees (US$## billion) during its fiscal year, which ran from April 1, 2014 to March 31, 2015. This represented a ##% increase over the 2013 allocation of ## billion rupees (US$## billion).
2014 – United Kingdom Government Space Budget
The United Kingdom Space Agency (UKSA) was expected to receive a budget of £## million (US$## million) in 2014, according to planning documents. Of that, £## million (US$## million) went toward the national space program and €## million (US$## million) went to the European Space Agency (ESA). This represented a ##% decrease from last year’s total civil space spending of £## million (US$## million), though the national budget increased by ##% from £## million (US$## million).
2014 – Spanish Government Space Budget
The Instituto Nacional de Tecnica Aeroespacial (INTA), the primary organization responsible for space activities in Spain, received appropriations from Spain’s national budget of €## million (US$## million) in 2014, an increase of ##% over 2013 levels of €## million (US$## million). INTA also receives revenue from its own commercial operations, bringing its total income to more than ## million euros. Spain’s contribution to ESA is not funded through INTA, but through the Center for the Development of Industrial Technology (CDTI).
2014 – Italian Government Space Budget
Italy has Europe’s third-largest space budget. Its civil space program is overseen by the Agenzia Spaziale Italiana (ASI), which in 2014 received a budget of €## million (US$## million). That allocation was broken down into three parts: €## million (US$## million) is the standard contribution from the Ministry of Research and Education, which has been constant for the past four years; €## million ($## million) was for COSMO-SkyMed, an Italian national radar reconnaissance program that will be under construction until 2018; and €## million ($## million) was for special programs issued by the government and decided upon by a body in the Ministry of Research and Education.