Macau govt to distribute MOP8,000 to every permanent resident
2012/11/13 16:04
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Fernando Chui, Chief Executive of Macau, delivered his latest policy address at the legislative council this afternoon. He announced that that Macau residents can continue to enjoy many a relief measure next year, including cash distribution of MOP8,000 and healthcare voucher of MOP600 for every permanent resident, injection of MOP6,000 to central savings account, cash distribution of MOP4,800 for every non-permanent resident, and an MOP3,000 increase in social security old age allowance for permanent residents aged over 65. Other measures include granting MOP200 for each household as electricity tariff allowance.

The Macau government will pump MOP37 billion into the social security fund in the next four years and will raise minimum subsistence index next year, noted Chui.

As at the end of June 30, 2012, Macau's gross domestic product expanded by 2.6% year-on-year in real terms. It is expected that the economy would record a positive growth this year. As at the end of September 30, 2012, basic reserves under fiscal reserves surpassed MOP98.8 billion while total value of foreign currency reserves reached MOP132.7 billion.

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