Budget Speech

Nurturing Talents

Education

128.      Education is the means of developing human capital and enhancing competitiveness in the long run. More importantly, it provides people with more opportunities for personal development, inspiring them to strive for excellence and continuous improvement. With aspirations and determination for advancement, everyone can fully develop his potential through learning and achieve self-reliance and success. Education is the policy area which has always taken up the largest share of recurrent government expenditure. In 2011-12, estimated expenditure on education will amount to more than $54 billion, accounting for 22.5 per cent of recurrent government expenditure.

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