Hong Kong exam authority seeks more government cash as fewer pupils take tests
Fees have already been raised, but chairman says its reserves will run dry by 2021 without extra funding
A significant drop in the number of pupils taking the secondary school public exam has forced the exam authority to ask the government for more funding as its financial reserves will dry up by 2021.
The Examinations and Assessment Authority is an independent statutory body that mainly finances itself by charging those who sit the Hong Kong Diploma of Secondary Education (DSE) exam. Its balance sheet has been in the red for two years.
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Only 61,669 sat the university entrance test this year – down 25 per cent from the 82,350 who took it in 2013.
Authority chairman Rock Chen Chung-nin said he was expecting to meet the new education minister, Kevin Yeung Yun-hung, soon to discuss funding.
“We prefer a one-time allocation instead of regular ones,” he said.
The authority has had to dig deep into its accumulated surplus, which stood at HK$211 million in August 2016, as its annual deficit worsened from around HK$6 million in 2015 to HK$19.7 million last year.
Chen predicted the reserves would be used up by 2020-21, when the number of DSE takers would hit a low of about 45,000.