Government will continue to give MOP 10,000 to permanent residents and MOP 6,000 to temporary residents in 2023; city’s ‘birth subsidy’ will give each parent MOP 5,418 for every baby born next year.
First aircraft due to be delivered in December; burgeoning popularity of single-aisle aircraft could indicate end of Airbus Boeing duopoly.
MOP 7 billion earmarked for 2023 wealth-sharing hand-out; education, old-age and similar subsidies maintained; Finance Secretary predicts 40,000 daily visitors.
Investment losses and expenditure on Covid-19 prevention measures chiefly to blame; public finance committee head demands answers on reasons for losses.
Proposed bill includes safeguard stipulating banks must deposit equivalent value of convertible foreign currency with government before issuing currency.
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.
Next year’s budget for public welfare measures will cost local government about MOP 20.9 billion.
As MOP is linked to HK$, increase follows Hong Kong’s adjustment based on US Federal Reserve’s move to raise Fed funds rate target range by 75 basis points.
