Fiscal surplus dwindles to MOP94.8 bln in 2014

2015-11-03

2015/10/29

From:Macau Business

Macau’s annual fiscal surplus contracted to MOP94.8 billion (about US$11.85 billion) last year, 23.9 per cent less than the year before, according to the government’s yearly report to the Legislative Assembly.

The report says expenditure grew by 30.5 per cent to MOP67.1 billion as the government spent more on social welfare, and that revenue shrank by 8 per cent to MOP161.9 billion as the slump in gaming curbed growth in direct tax takings.

The fiscal reserve grew by 45.8 per cent to MOP246.3 billion.

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