Next year’s budget increases by five per cent but no salary increase for civil servants; Macao’s financial reserve in September down by 2.95% to MOP 562.9 billion.
cash handout
Chief Executive laments Macao continues to suffer the effects of Covid-19 and poor visitor numbers, rising unemployment and declining birth rate.
Amount of hand-out not confirmed; more than MOP 20 billion allocated for subsidies, allowance and benefits next year.
Queues expected at top-up points, yet – puzzlingly – around 40 per cent of the city’s residents have yet to sign up for the one-off bonus.
The money is there for the taking, even for new-born babies, but the application process is far from straightforward, and non-resident workers are still shut out.
The government will start to distribute its annual “wealth-sharing” cash handouts to residents from early next month, Executive Council (ExCo) spokesman Leong Heng Teng has announced.
Chief Executive Fernando Chui Sai On said on Monday the government was not likely to cease its cash handout scheme next year, Macau Federation of Trade Unions (commonly known as Gung Luen) President Chiang Chong Sek told reporters after meeting Chui at Government Headquarters. Pointing out that Macau has a fiscal surplus, Chui told Chiang […]