The government has no plans to roll out an electronic consumption benefit scheme this year, Chief Executive Ho Iat Seng has said.
Last year’s electronic consumption benefit scheme comprised a MOP 5,000 start-up fund and a MOP 3,000 immediate discount grant. In addition, the government started to issue another MOP 8,000 consumption subsidy in October last year with the aim of relieving residents’ financial hardship resulting from Macao’s summer Covid-19 outbreak.
Ho also said yesterday that neither does the government plan to roll out an extra “wealth-sharing” cash handout for this year.
According to Ho’s 2023 Policy Address, which was announced in November last year, this year’s amount of the annual cash handout, which will be paid to residents later this year, will remain unchanged at MOP 10,000 for permanent residents and MOP 6,000 for non-permanent residents, The Macau Post Daily reported.