Budget Speech

Developing Human Capital

109.      We have been investing heavily in education to develop our human capital. Recurrent expenditure on education has increased by 18 per cent over the past 10 years. In 2010-11, the estimated recurrent expenditure in this area will be $52.2 billion, taking up the largest share of recurrent government expenditure. We will continue to take forward education reform initiatives such as the new academic structure for senior secondary and higher education, and small-class teaching in primary schools. We will also implement additional measures as follows.

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