XN000022-1996-12-04 — Page 40

Total Funding for Education 1987/88 to 1996/97

Appendix A

1987-88 1988-89 1989-90 1998-91 1991-92

1992-93 1993-94

Actual Achai Actual Actus! Actual Actual Actual Actual

$M

SM SM SM S.M SM SM SM

1994-95 1995-96 1996-97 Revised Estimates Estimates

SM

SM

Total Funding for Education -- (a)

9,450 11,653 13,392 16,542

19,431 22,158 25,409 28,878 33,781 39,825

Gross Domestic Product (GDP) – (b)

384,488 455,022 523,861 582,549

668,512 779,335 897,463 1,016,567 1,111,391 1,248,788

Total Funding for Education as % of GDP — (a)(b)

2.5%

2.6%

2.6%

2.8%

2.9%

2.8%

2.8%

2.5%

3.0%%%

3.2%

Total Funding for Education as percentage of Total

Government Expenditure

17.5%

18.0%

16.3% 17.4% 18.0% 17.9% 16.4% 17.4% 17.3% 17.5%

Source: Finance Branch, Hong Kong Government

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