Secretary for Economy and Finance Lei Wai Nong has announced that the government has decided to give residents their annual “wealth-sharing” handout in cash next year – as in previous years.
Until Tuesday, the second phase of the government’s consumption subsidy smartcard scheme had injected around MOP 2.9 billion to into the local market, an Economic Affairs Bureau (DSE) statement noted on Thursday.
About 110,000 residents went to top up their consumption subsidy smartcard on Monday, the first day of the procedure, according to a statement from Economic Services Bureau (DSE), as the government’s second phase subsidy scheme giving each resident MOP 5,000 to spend locally begins on Saturday.
Over 620,000 residents had picked up their government consumption subsidy smartcards before late last week’s deadline, or 95 per cent of those who had registered, the Government Information Bureau (GCS) has announced.
