Macau’s public revenue up by 43 percent

In the first eight months of 2010, Macau’s total public revenue (not including autonomous agencies) rose by 42.9 percent to MOP48.44 billion (US$6.1 billion). The increment was attributable to notable increases in direct taxes from gaming and other current revenue, up by 63.9 percent and 50.9 percent respectively, that was contributed by increasing gross gaming revenue. Direct taxes from gaming totalled MOP40.91 billion. Total public expenditure was MOP20.59 billion, with a year-on-year increase of 11.2 percent. A fiscal surplus of MOP27.85 billion was recorded in the first eight months of 2010, up by 81.1 percent as compared with the same period last year.