Macau fiscal surplus down 54.9 percent

Macau recorded a fiscal surplus of MOP25.28 billion ($3.16 billion) in the first five months of 2015, down 54.9 percent from the same period the year before, according to data from the Financial Services Bureau.

Total public revenue during this period was 46.42 billion patacas, a decrease of 33.8 percent year-on-year, while total public expenditure increased by 49.4 percent year-on-year to MOP21.14 billion.

The fall in public revenue follows 12 straight months of revenue declines in the gaming industry. 

The government collected a total of MOP38.45 billion in direct taxes from gaming in these five months, a drop of 35.4 percent year-on-year.

Direct taxes from gaming brought in 82.8 percent of Macau’s total revenue in the five months.

 

 

 

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