The government expected a budget deficit of over 40 billion patacas for this year due to the adverse impact of the COVID-19 epidemic on the local economy.
wealth-sharing
Chief Executive Fernando Chui Sai stressed that Macau has been able to keep up social and economic progress, ensure political stability, improve people’s livelihoods, speed up infrastructure development and maintain social harmony during his 10 years.
The government’s “wealth-sharing” handouts will be raised from 9,000 to 10,000 patacas, the Portuguese radio channel of government-owned broadcaster TDM reported yesterday.
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