Next year’s budget increases by five per cent but no salary increase for civil servants; Macao’s financial reserve in September down by 2.95% to MOP 562.9 billion.
wealth-sharing
Chief Executive laments Macao continues to suffer the effects of Covid-19 and poor visitor numbers, rising unemployment and declining birth rate.
Old-age subsidy beneficiaries among first recipients; both permanent residents and non-residents are entitled to handouts; last batch to be paid out from 13 May.
Permanent residents get MOP 10,000 each, non-permanent residents get MOP 6,000 with no restrictions on age, place of birth or nationality.
The elderly and other specially deserving cases will be first in line for the government bonus, and all entitled residents will be paid by mid-May.
Older citizens will be first in line, children last and regular adults in the middle in this year’s MOP 7 billion wealth-sharing scheme.
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.
Macao’s annual wealth-sharing handout next year will once again be paid out in cash, Secretary for Economy and Finance Lei Wai Nong has told lawmakers.
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.
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