CSIRO Headed For $110 Million In Budget Cuts: Report

The Federal Budget is looming, and that means D-Day for Australia's peak government science body. It's now being reported that the inventors of everything from Wi-Fi to Aeroguard look set to lose a whopping $150 million in funding come budget-time.

The SMH is reporting that CSIRO's top brass are working on scenarios to survive a massive 15 per cent cut of their budget, while bracing for the upcoming Federal Budget and recommendations from a sweeping audit of the agency.

The CSIRO is funded to the tune of around $757 million a year, and looks set to lose up to $110 million of that.

The agency is already axing jobs left and right, with more set to go in the coming months.

Dark times lay ahead for Australian science. [SMH]