Macau gov't records surplus of MOP25 billion in first six months of 2015

 The Macau government recorded a surplus of MOP25.2 billion during the first six months of the year, higher than the target budgeted by the government for the whole year, but nevertheless a year-on-year decline of 58.3 percent.

The figure, which exceeds the budget target of MOP18.8 billion for 2015, was brought down by declining gaming revenues and the tax paid on them - currently 39 percent of the gross figure.

The total revenue for the January to June period was MOP55.13 billion at the end of June, down 33.9 percent year-on-year.

The government collected MOP45.72 billion in direct taxes during the six-month period, down 35.6 percent year-on-year, with gaming accounting for just over 80 percent of the total.

The government said it is prepared to resort to austerity measures if July’s gaming revenue fails to reach MOP18.35 billion, though it will unlikely come to that, the secretary for economy and finance said.

 

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