Macau: Current revenue only 37 pct of total expenditure in Jan-Sept
Friday 21 de October 2022 / 07:52
2 minutos de lectura
(Macau).- The SAR’s current revenue stood at MOP26.6 billion (US$3.25 billion) in the first nine months of 2022, accounting for just 37 per cent of the SAR’s total expenditure which reached MOP70.3 billion (US$8.7 billion), figures from the Financial Services Bureau indicate.
To close the MOP43.7 billion (US $5.4 billion) gap and provide extra social and economic aid, the government used the fiscal reserve.
The Bureau’s budget execution table includes MOP58 billion (US$7.25 billion) categorized as capital revenue, which is understood as basically referring to the money allocated from the fiscal reserve.
As a result, by the end of September the administration was running a MOP14.3 billion (US $1.79 billion) surplus.
However, the government will still be injecting in the economy a second round of MOP10 billion.
Government revenue suffered primarily from a dismal performance of the SAR’s core industry, gaming. Taxes on gaming revenue between January and September were MOP15.12 billion (US$1.89 billion), as Macau’s gross gaming revenue for the first nine months of 2022 reached MOP31.8 billion, 53 per cent less than in the same period of last year.
Overall direct taxes on other activities stood at MOP6.73 billion, up by 11.9 per cent, while indirect taxes reached MOP1.93 billion, down by 32 per cent, compared with the first nine months of 2021.
Categoría:Gaming
Tags: Sin tags
País: Macao
Event
iGaming Club Conference Cancun
24 de November 2025
Levon Nikoghosyan Confirms iGaming Cancun’s Success and Future LATAM Expansion
(Cancun, SoloAzar Exclusive).- The vibrant energy of iGaming Cancun has set the tone for a new chapter in the Latin American iGaming industry. Levon Nikoghosyan, CEO and Co-Founder of AffPapa and iGaming Club, shared his enthusiasm for the event’s debut in Mexico, highlighting its impact on the regional market and the company’s ambitious plans for the future.
Thursday 04 Dec 2025 / 12:00
iGaming Club Cancún 2025 Concludes Successfully with Strong Connections in Its First LatAm Edition
(Cancun, SoloAzar Exclusive).- iGaming Club Cancún 2025 came to a close last night with a comprehensive experience of conferences, networking, and the AffPapa iGaming Awards LATAM gala, consolidating itself as a unique space for operators, affiliates, and providers in the region.
Thursday 27 Nov 2025 / 12:00
iGaming Club Cancún 2025: Affiliates, Operators, and Innovation Take Center Stage on Final Day
(Cancun, SoloAzar Exclusive).- The second and final day of iGaming Club Cancún 2025 unfolds today, bringing together operators, affiliates, and select B2B providers in a unique networking and conference environment that highlights the evolving dynamics of the Latin American iGaming market.
Wednesday 26 Nov 2025 / 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.