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Government to hand out MOP 10 billion to counter Covid-19 outbreak

Wide-ranging measures include subsidies for employees and self-employed; casinos stay open, vote on gaming amendment bill to go ahead tomorrow.

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Wide-ranging measures include subsidies for employees and self-employed; casinos stay open, vote on gaming amendment bill to go ahead tomorrow.

ARTICLE BY

PUBLISHED

READING TIME

Less than 1 minute Minutes

UPDATED: 22 Dec 2023, 4:45 am

The government is set to inject MOP 10 billion into Macao’s economy to support residents and businesses in the wake of the sudden outbreak of Covid-19 at the weekend.

The measures will include: housing tax rebate for commercial and industrial premises, an exemption from tourism tax, a fuel subsidy for the taxi sector, a new round of subsidies for employees, self-employed and businesses, and an interest subsidy for bank loans offered to businesses.

Secretary for Economy and Finance Lei Wai Nong said the new measures will require amendments to this year’s budget, so the government will have to submit an amendment bill to the Legislative Assembly.

Lei also said that Macao’s casinos would remain open during the current outbreak, adding that a plenary session of the legislature slated for tomorrow for the final debate and vote of the gaming amendment bill will be held as scheduled, The Macau Post Daily reported.

 

UPDATED: 22 Dec 2023, 4:45 am

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