Chief Executive Ho Iat Seng said on Monday that the way the government will give residents its annual “wealth-sharing” handout next year would depend on their views and the development of the COVID-19 pandemic, but he reaffirmed that the government would continue sharing the city’s wealth with residents in cash if “everybody” prefers it that way.
financial support
Chief Executive Ho Iat Seng said on Sunday that the government would “cautiously” consider rolling out the third round of financial support measures for residents and businesses in line with next year’s performance of the local economy.
The government has announced that employees, the self-employed and companies will receive financial support from the middle of this month, as one of its measures to tackle the economic impact of the COVID-19 pandemic on Macao.
A financial support guideline for the development of the Guangdong-Hong Kong-Macau Greater Bay Area has been issued, China’s central bank said.
Secretary for Economy and Finance Lei Wai Nong announced a raft of financial support measures with the aim of relieving the heavy burden on residents and businesses.