China spends 2.82% of GDP in education
(Xinhua) Updated: 2007-01-01 09:47
Beijing -- China has spent 2.82 percent of its annual
Gross Domestic Products (GDP) in education, up 0.03 percentage point year on
year, according to an official report.
"China's
total official education fund reached 842 billion yuan (US$105.25 billion) in
2005, up 16 percent over the previous year," showed a recent report on the 2005
national education fund.
The report, jointly released by the Ministry of Education, National
Bureau of Statistics and the Ministry of Finance, is the latest on the country's
use of official educational outlay.
The report showed the country's government
educational expenditure made up about 14.58 percent of all the state budget
expenses, down 0.32 percentage point over the previous year.
The
central government is aiming to make educational outlay reach four percent of
its GDP in the next few years, according to the Resolution on Major Issues
Regarding Building of Harmonious Socialist Society.
By the end of 2007, the
government would have eliminated all charges for the country's 160 million rural
students receiving a nine-year compulsory education, almost 80 percent of
China's primary and junior middle school students.
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