International edition
September 25, 2021

Prioritising structural investments

Macau's 2009 budget totals us$ 5.58 billion in expenditure

(Macau).- Around one quarter of Macau’s budget for 2009, estimated at us$ 5.58 billion, has been earmarked for investments and expenses for development of the territory, according to figures published in an official statement cited by MacauNews.

T

he us$ 1.3 billion figure set aside for investment represents us$ 265 million more than the amount budgeted for the current year. The largest part of the governments forecasted us$ 5.1 billion in revenue comes from Macau’s 31 casinos.

Macau CEO Edmund Ho Hau Wah spoke during a press conference this week and said that as part of the 2009 budget, the government forecasted that gross revenue from casinos at us$ 875 million per month. This represents a slight drop when compared to the current year, which, according to monthly average figures so far, is us$ 1 billion per month.

Faced with a global financial crisis, Edmund Ho focused his concern on small and medium-sized companies that need support to breathe life back into them and to ensure their survival, and added that he wants to increase work on diversifying markets and products.

Ho is also concerned with social policy for 2009, and said that it aims to "share financial success" of the region and ensured that he will continue to manage the region with the same effort and desire to improve and develop Macau.

The areas that will benefit the most with the 2009 budget are health (us$ 310.1 million), education and youth affairs (us$ 266.9 million), social security (us$ 292.3 million), security forces (us$ 267.4 million), Commercial Development Fund (us$ 267.4 million), Civic and Municipal Affairs Institute (us$ 152.5 million) and the Macau Foundation with us$ 316 million.

Edmund Ho Hau Wah, who ends his term in office on 19 December 2009 as the Chief Executive of Macau, said that the Special Administrative Region of Macau’s next government will receive over us$ 8.75 billion.

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