Fiscal Reserve flat in November

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Macau’s fiscal reserve topped MOP246.6 billion in November, a marginal increase of 1 per cent since October but an almost 50 per cent jump compared to one year ago. Data published by the Monetary Authority revealed that the city’s fiscal reserve has been slowing down its growth since the last half of 2014 as gaming revenues started to drop after the Summer. Since September, the increases have been almost marginal. However, the fiscal reserve size recorded in November is still quite large compared to only a year before. In 2013, the fiscal reserve amounted to MOP168 billion, 50 per cent and MOP80 billion less.