The elderly and other specially deserving cases will be first in line for the government bonus, and all entitled residents will be paid by mid-May.
wealth-sharing handouts
Older citizens will be first in line, children last and regular adults in the middle in this year’s MOP 7 billion wealth-sharing scheme.
Cash benefits are part of a major stimulus package that includes tax relief, consumption vouchers, more vocational training and help for the elderly.
The government expected a budget deficit of over 40 billion patacas for this year due to the adverse impact of the COVID-19 epidemic on the local economy.
The government announced on Monday that it will start paying out its annual wealth-sharing handouts to residents on 1 April.
The government has decided to bring forward the payout of its annual wealth-sharing handouts to residents by about half a year in response to the adverse impact of the novel coronavirus outbreak on Macau’s economy.
