Macau gaming tax revenues boost

Macau registered a budget surplus of MOP24.9 billion in the first seven months of 2010, with direct taxes from gaming increasing 63 percent year-on-year. The surplus represents a year-on-year growth of 75.5 percent. Direct taxes from gaming totalled MOP35.1 billion, representing 84 percent of the public finance revenue between January and July, provisional data from the Finance Services Bureau shows. In the first seven months of 2010, the government’s total revenue rose 40.5 percent year-on-year to MOP 41.5 billion. Meanwhile, the government’s total expenditure increased 8.1 percent, to MOP16.6 billion.