Macao China

Key fiscal measures in 2021 include:

(i) an early distribution of cash handouts through the Wealth Partaking Scheme in April to all residents amounting to 7.2 billion patacas, or 3.7 percent of 2020 GDP (with 10,000 patacas per permanent resident, and 6,000 patacas per non-permanent resident);

(ii) electronic vouchers to all residents amounting to 5.9 billion patacas, or 3.0 percent of GDP to boost local consumption (each resident would be entitled to a start-up fund of MOP5,000 and a discount grant of MOP3,000);

(iii) support to local tourism amounting to 120 million patacas or 0.1 percent of GDP with eligible Macao residents receiving a subsidy of 280 patacas on local tours and 200 patacas on hotel accommodation;

(iv) tax-relief and tax-exemption measures amounting to 1.1 billion patacas, or 0.5 percent of GDP;

(v) upgraded paid occupational training totaling 334 million patacas, or 0.2 percent of GDP; and

(vi) free vaccines, amounting to 420 million patacas, or 0.2 percent of GDP.

The 2021 budget provides for an extraordinary injection of 35.7 billion patacas, or 18.4 percent of GDP, from the Fiscal Reserve to counter the government budget deficit.

(Updated: May 2022)

Paid occupational training (317 million patacas or 0.07 percent of GDP), and tax exemption/deductions for residents and local enterprises.

(Updated: August 2020)

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