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Financial Secretary John Tsang
Education is certainly the most powerful equaliser that drives our society forward, sustaining the growth of each and every modern economy. Education is more than just a critical investment in human capital, it is also the most rewarding investment in humanity. Collectively, as well as individually.
I am glad to learn that the Yidan Prize Foundation will be presenting annual awards starting from 2017 to recognise the achievements as well as to support the work of commendable educators from around the world.
In Hong Kong, education has always been the top policy priority of the Government. In the current fiscal year, I have allocated some $75 billion for education spending, more than one-fifth of our total recurrent expenditure. Over the past decade, government spending on education has increased by 70%.
Through the provision of quality and comprehensive education to our younger generations, we are indeed nurturing talents that would help create exciting opportunities and boundless possibilities for the future of our city. For the people of Hong Kong.
Today marks a milestone for the Yidan Prize Foundation, as well as international education research and development. And I am pleased to add that the Foundation's heart and soul lies right here in Hong Kong, a truly globalised metropolitan city at the heart of Asia and a place that we call home.
Financial Secretary John Tsang gave these remarks at the Yidan Prize launch ceremony.
