Government increases welfare payments by 6 pct

2014-3-25

From：Macau Business

The government is increasing several allowances paid out of the Social Security Fund by an average of 6 percent.

The increase is greater than last year’s rate of consumer price inflation, which was 5.5 percent.

Labour Affairs Bureau director Wong Chi Hong has said the increases will be backdated to the beginning of this year.

Among the allowances to be increased are the old age and disability pensions; hospital confinement and unemployment allowances; and birth, marriage and death allowances.

The government forecasts that the increases will cost it an extra MOP162 million (US$20.2 million) a year.

Copyright@Macau Business