a Knowledge-based Economy
human capital is the most important element in
developing a knowledge-based economy.
The Government has therefore been investing
heavily in education to enhance the quality of
teaching and nurture talent.
Our provision for education in 2007?8 will
be $50.1 billion, an increase of $2.2 billion over
the current financial year, accounting for nearly a
quarter of our total recurrent expenditure.
a view to expanding our pool of talent, the
Government will provide continuous support to local
tertiary institutions in attracting more students
from outside Hong Kong to study and, upon graduation, stay here to work.
In addition, we will continue to attract
talent from around the world to pursue careers here
through various talent admission schemes.
Last year, more than 27 000
professionals were admitted under these schemes, an
increase of 57 per cent over 2003.