2
MONDAY, MARCH 1, 1993
THE TOTAL RECURRENT EXPENDITURE FOR THE TWO PROGRAMMES IS MADE UP AS FOLLOWS:
* TERTIARY EDUCATION
$ 6,641 MILLION
* SCHOOL EDUCATION
* TECHNICAL EDUCATION
$12,894 MILLION
711 MILLION
* EMPLOYMENT
+
645 MILLION
OF
"BY ITSELF, EDUCATION REMAINS THE LARGEST SINGLE COMPONENT GOVERNMENT'S BUDGET 20.8 PER CENT IN TERMS OF RECURRENT EXPENDITURE AND 16.2 PER CENT IN TERMS OF TOTAL PUBLIC EXPENDITURE, MR CHAN SAID.
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ON TERTIARY EDUCATION, THE $6,641 MILLION REPRESENTS AN INCREASE OF $772 MILLION (13.2 PER CENT) COMPARED WITH 1992/93.
OUT OF THE INCREASE, $650 MILLION IS GEARED TO MEET THE GROWTH IN STUDENT NUMBERS IN ACCORDANCE WITH THE EXPANSION PROGRAMME; $53 MILLION IS ADDITIONAL FUNDING FOR THE LOCAL STUDENT FINANCE SCHEME: $38 MILLION IS TO PROVIDE AN OPTION TO UNIVERSITY CLINICAL MEDICAL DOCTORS TO TRANSFER TO HOSPITAL AUTHORITY TERMS; AND $31 MILLION ENHANCED FUNDING FOR ACADEMIC RESEARCH.
IS
MR CHAN SAID THE NUMBER OF FIRST-YEAR FIRST-DEGREE PLACES IN INSTITUTIONS FUNDED BY THE UNIVERSITY AND POLYTECHNIC GRANTS COMMITTEE (UPGC) WOULD BE INCREASED FROM 11,000 THIS YEAR TO 12,500 IN THE 1993/ 94 ACADEMIC YEAR.
AS A RESULT, THE TOTAL FULL-TIME EQUIVALENT STUDENT POPULATION IN THE INSTITUTIONS WILL GO UP FROM 48,800 TO 52, .400.
"WE ARB WELL ON THE WAY TO ACHIEVING OUR TARGET OF 14,500 FIRST-YEAR FIRST-DEGREE PLACES OR 18 PER CENT OF THE RELEVANT AGE GROUP BY 1994/95," MR CHAN SAID.
"UPGC [S UNDERTAKING A REVIEW ON OUR TERTIARY EDUCATION AND WILL ADVISE ON FURTHER DEVELOPMENT IN THE POST-1994 PERIOD.
"
TURNING ΤΟ SCHOOL EDUCATION, THE SECRETARY SAID THE $12,894 MILLION EARMARKED FOR THIS SECTOR REPRESENTED AN INCREASE IN REAL TERMS OFF $599 MILLION, OR 4.9 PER CENT, OVER THE FIGURE FOR 1992/93.
HE SAID THE INCREASE WAS MORE SIGNIFICANT WHEN VIEWED AGAINST A 2.4 PER CENT DROP IN ENROLMENT IN THE PRIMARY SECTOR.
HE WAS CONFIDENT THAT THE GOVERNMENT WAS ABLE TO DELIVER, IN AND ON TARGET, ON ALL THE NEW INITIATIVES ANNOUNCED IN THE GOVERNOR'S ADDRESS IN OCTOBER.
TIME
MR CHAN SAID THE $599 MILLION INCREASE FOR SCHOOL EDUCATION WAS MAINLY EARMARKED FOR THE FOLLOWING SERVICES:
*
OPERATION OF ADDITIONAL SIXTH
FORM CLASSES
$185 MILLION
/* PROVIDING ADDITIONAL