Complex sentence: The knowledge economy, National Economic Growth and Israel's Competitive Position were well recognized by the Government and the Academia qand the overall budget of national and international programs led by the OCS amounted to $450M annually.
Split into simpler sentences: The knowledge economy, the National Economic Growth and Israel's Competitive Position were well recognized by the Government and the Academia. The overall budget of national and international programs led by the OCS amounted to $450M annually.