Education Development Fund disburses MOP24.83 mln in subsidies

The Education Development Fund (FDE) disbursed MOP24.83 million in subsidies to private schools during the third quarter of the year, it was announced yesterday in Macau’s Official Gazette. The largest subsidy was given to The Workers’ Children High School and amounted to MOP2.72 million to replace the air condition system. The second largest subsidy of MOP1.91 million was paid to Hou Kong High School for the three-year development plan of the institution regarding information technologies. Last month, a report by the Commission of Audit revealed that the government was unable to verify the usage of some MOP32.46 million in subsidies awarded by the Education Development Fund during the school year of 2013/2013.