Revenues from the government’s direct gambling tax fell 37.1% year-on-year to MOP 13.96 billion in the first seven months of the year, the Financial Services Department said.

The direct gambling tax accounted for 66.2% of the government’s current revenue from January to July.

Macau casinos pay 35% of their gross gaming revenue (GGR) to the government in direct tax. They pay the Treasury an additional 5% of the GGR as a levy for various social, economic and cultural development purposes.

In the first seven months of 2022, total government revenue, including current and capital income, decreased by 4% year-on-year to reach MOP58.07 billion.

The government’s total expenditure fell by 2.6 per cent to MOP47.9 billion between January and July, with the current budget running a surplus of MOP10.1 billion, the Macau Post Daily reported.

Source link

Previous articleNTU male student accused of insulting male modesty in campus bathroom
Next articleGroundwater spraying prohibited in Veluwe as drought continues