The government’s income from direct gaming taxes fell 37.1 per cent year-on-year to MOP 13.96 billion in the first seven months of the year, the Financial Services Bureau has announced.
Direct gaming taxes accounted for 66.2 per cent of the government’s current receipts between January and July.
Macao’s casinos pay 35 per cent of their gross gaming revenue (GGR) as direct tax to the government. They pay an additional 5 per cent of their GGR into the public coffers as a levy for a range of social, economic and cultural development purposes.
The government’s total income – comprising current and capital receipts – fell 4 per cent year-on-year to MOP 58.07 billion in the first seven months of 2022.
The government’s total expenditure dipped 2.6 per cent to MOP 47.9 billion between January and July, resulting in a current budget surplus of MOP 10.1 billion, The Macau Post Daily reported.