| 2.40 First, we will ensure that every
vulnerable worker has adequate resources for retraining
– to keep himself employable and to cope with
economic restructuring. To support our initiatives for
worker re-skilling and upgrading, the Government will
provide a $500 million top-up to the Lifelong Learning
Fund, to be funded out of the FY2004 budget. The top-up
will increase the size of the fund to $2 billion, nearer
our target of $5 billion. It will also raise the annual
interest income of the fund by $20 million to $80 million,
allowing the Workforce Development Agency (WDA) to embark
on more programmes and intensify its efforts to help
job seekers.
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