Macau’s fiscal reserves fall 13% to USD 69B in 2022
Thursday 23 de February 2023 / 12:00
2 minutos de lectura
(Macau).- The Macau government announced Wednesday that its fiscal reserves fell to around MOP$558 billion (US$69.1 billion) at the end of 2022, down 13.2% from MOP$643.2 billion (US$79.6 billion) a year earlier.
Impacted by the loss of tax revenue from the gaming and leisure industry as a result of COVID-19-induced travel restrictions, basic reserves fell by 26% on the previous year to MOP$185.1 billion (US$22.9 billion) and excess reserves by 33% to MOP$372.8 billion (US$46.1 billion).
The Monetary Authority of Macao noted that the fiscal reserves of the Macau SAR were also weighed down by negative factors such as the geopolitical crisis, the pandemic disrupting the global supply chain and the significant interest rate hikes by major central banks, and recorded a book loss of MOP$20.75 billion (US$2.57 billion) for the year, with an annual rate of return of -3.4%.
However, the it also pointed out that from 2017 to 2021 its fiscal reserves recorded a total book profit of MOP$95.18 billion (US$11.8 billion).
The Macau government twice used its excess reserves in 2022 to deal with the pandemic situation, accessing a total of MOP$72.7 billion (US$9.0 billion). At the same time it only collected MOP19.1 billion (US$2.36 billion) in gaming taxes in 2022.
Fiscal reserves in 2019, prior to the pandemic, were MOP$579.4 billion (US$71.7 billion), rising to MOP$616.12 billion (US$76.3 billion) in 2020 after benefiting from investment return and to MOP$643.17 billion (US$79.6 billion) in 2021.
Categoría:Analysis
Tags: Sin tags
País: Macao
Región: Asia
Event
ICE Barcelona 2026
19 de January 2026
Daniel De Los Ríos on Amusnet’s ICE Barcelona 2026 Experience and LATAM Growth Plans
(Barcelona, SoloAzar Exclusive).- The Head of Commercial and Marketing in LATAM at Amusnet shares insights on the company’s latest innovations, industry trends, and strategic goals for 2026.
Thursday 05 Feb 2026 / 12:00
Tomás Galarza: "This edition of ICE was especially relevant for ASAP"
(Barcelona, SoloAzar Exclusive). Following his participation in ICE Barcelona 2026, Tomás Galarza, a Political Science graduate and foreign trade expert at ASAP, shares his insights on global trends, international business opportunities, and the company's strategic priorities for this year.
Wednesday 04 Feb 2026 / 12:00
Win Systems Expands Presence in Spain and Highlights Route Operations at ICE 2026
(Barcelona).- At ICE 2026 in Barcelona, Win Systems showcased its innovative gaming solutions for the Spanish market, emphasizing Player Tracking, Win Pay, and route operations to enhance operator performance and player engagement.
Wednesday 04 Feb 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.