Friday, 12 October 2012

EDUCATION ALLOCATED K5.6 TRILLION IN 2013 BUDGET



A total of K5.6 trillion has been allocated to the education sector in the 2013 National Budget that was presented in parliament today.
In his budget presentation, Minister of Finance Alexander Chikwanda proposed that K5.6 trillion be allocated towards the education sector for the purpose of providing quality education and skills training to children and the youth.
Mr. Chikwanda said that this represents a 15.8 percent increase over the 2012 allocation.
He said the sector has been allocated K393.3 billion for the development of secondary school infrastructure across the country.
The Minister said the move is government’s intention to revamp secondary and tertiary education in order to significantly improve the progression rate of pupils that are being produced from primary schools.
He explained that a further K475.1 billion has been earmarked for operations and expansion of infrastructure in universities, colleges, and trades training institutions.
Mr. Chikwanda added that in addition to the funds allocated to the trades training institutions for training an additional K50 billion to empower the unemployed and vulnerable youth with vocational skills will be given.
Mr. Chikwanda also said that he has allocated sufficient resources to facilitate the net recruitment of not fewer than 5,000 teachers.  
ZANIS

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