IACM disburses MOP11 mln in 2016

650

The Civic and Municipal Affairs Bureau (IACM) handed out some MOP11.1million (US$1.4 million) of subsidies to private entities during the year of 2016, of which more than half went to the Macau Federation of Trade Unions (FAOM), according to Business Daily’s calculations based on data from the Official Gazette.
Last year, FAOM received some MOP6 million from the government department, which accounted for 54.5 per cent of the total subsidies disbursed by IACM in the year. According to the dispatch, the subsidies were primarily for the expenses of the association’s sports club near the Border Gate.
Having granted only some MOP41,478-worth of subsidies for the first quarter of 2016, IACM respectively awarded MOP4.35 million and MOP2.8 million in the following two quarters, while total subsidies amounted to MOP3.9 million in the last quarter, of which MOP2.2 million was given to FAOM.
The General Union of Neighbourhood Associations of Macao, also known as the Kai Fong, was the second largest beneficiary from the subsidies during the last quarter, receiving MOP602,261, followed by the Macau Military Club with MOP139,493.