Skip to content
Menu

New five-year plan sets out lofty goals for Macao

Public has two months to comment on plan which focuses on economic diversification and improving people’s livelihoods.

ARTICLE BY

PUBLISHED

READING TIME

Less than 1 minute Minutes

Public has two months to comment on plan which focuses on economic diversification and improving people’s livelihoods.

ARTICLE BY

PUBLISHED

READING TIME

Less than 1 minute Minutes

UPDATED: 22 Dec 2023, 4:47 am

The government has released the development goals of its second five-year plan on economic and social development from 2021 to 2025.

The goals for this period are to strengthen Macao’s driving force of development, vitality and competitiveness so as to build a modern, beautiful, happy, safe and harmonious city, according to the Policy Research and Regional Development Bureau.

Macau 2nd five-year plan
Photo by Government Information Bureau

The proposal of the second five-year plan will be open for public consultation for 60 days, starting tomorrow.

On the basis of preliminary investigations, the proposal is drafted to be aligned with the 14th Five-Year Plan (2021-2025) for national socio-economic development.

The second five-year plan focuses on speeding up Macao’s economic diversification, pushing forward improvements in people’s livelihoods, building Macao into a liveable place, improving public governance capabilities and better integrating the special administrative region into the overall national development.

The government unveiled its first five-year plan from 2016 to 2020 in September 2016, mapping out comprehensive development targets focusing on residents’ livelihoods and diversified economy, The Macau Post Daily reported.

The bureau said that, generally speaking, the SAR had completed the major goals and tasks set by its first five-year plan despite the havoc wreaked by natural disasters such as Typhoon Hato in August 2017 and the heavy economic blow dealt by the Covid-19 pandemic.

 

UPDATED: 22 Dec 2023, 4:47 am

Send this to a friend