Investment losses and expenditure on Covid-19 prevention measures chiefly to blame; public finance committee head demands answers on reasons for losses.
Social Security Fund
Concessionaires’ contributions to city’s development will stay the same; chief executive will have final say in ‘major’ financial decisions.
In exposing scam, Commission Against Corruption officials find some residents fraudulently received MOP 15,000 Covid-19 subsidy last year.
Official study suggests new system would only be feasible once the economy recovers from the effects of Covid-19 pandemic.
The government will launch a new e-service for residents on Friday to submit their proof of life.
Over 3,400 residents signed up for unemployment benefits between January and August, 1.6 times more than last year.
The Macao government has adjusted the income and liquid asset limits for social rental housing applicants.
About 54,000 senior citizens will have the money from the government’s annual cash injection into their Central Provident Fund accounts transferred into their bank accounts on 21 August.
The government will expand the organisational structure of the Social Security Fund (FSS) as the Law on the Non-Mandatory Central Provident Fund System will come into force on January 1, Executive Council spokesman Leong Heng Teng announced on Thursday.
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