State Education Law (Amendment – Financial Education) Bill

What does the bill do?

The bill amends the 1953 State Education Law in order to add a goal of financial education to section 12. The bill provides that the education system must build students' knowledge in the field of financial literacy, with an emphasis on imparting skills in the economic and financial field, as preparation for independent and optimal economic conduct in adulthood. The bill leaves to the Minister of Education the discretion to design the state curriculum, without setting school subjects or a specific method.