The Macau government’s income from gross gaming revenue (GGR) taxes fell 12.1 per cent year-on-year to 17.23 billion patacas (US$2.15 billion) in the first two months of the year, the Financial Services Bureau (DSF) said Monday.
According to the government’s budget execution table released on the bureau’s website today, gaming taxes accounted for 91.5 per cent of the government total revenue (current plus capital receipts) of 18.82 billion patacas in the first two months.
The government’s total expenditure (current plus capital expenses) rose 14.1 per cent to 6.98 billion patacas, resulting in a surplus of 11.83 billion patacas, down by 30.3 per cent from the surplus a year ago.
Macau’s six gaming operators pay 35 per cent of their GGR as direct tax to the government. They pay an additional four to five per cent of their GGR into the public coffers for a host of social, cultural and other causes.