The Legislative Assembly presented the forecast for next year and the biggest peace of the cake will be related to gaming activities.<\/p>\n\n\n\n\n\n\n\n
Macau.- The Legislative Assembly passed the government\u2019s 2020 budget bill, and it seems Macau economy will continue relying on casino revenues. According to the bill, the government expects a total expenditure of 100.69 billion patacas next year (\u20ac11.2 billion), 2.65 billion (\u20ac296 million) less than this year\u2019s budget, down 2.6 per cent.<\/p>\n\n\n\n
Government also expects receipts of 122.7 billion patacas (\u20ac13.7 billion) next year, up 0.3 per cent more than this year. As a result, the bill expects a surplus of 22 billion patacas (\u20ac2.4 billion) next year. Revenues from direct gaming taxes would reach up to 91 billion patacas (\u20ac10 billion) next year, the same as the amount budgeted for this year, which represent around 74.5 percent of total tax revenue in 2020.<\/p>\n\n\n\n
Macau\u2019s casino operators pay 35 percent of their gross gaming revenues as direct tax to the government.<\/p>\n\n\n\n
The 2020 budget bill and its passage by lawmakers was introduced to the Assembly just before the launching of the new government, which will be sworn in on Friday. The forecast will be reviewed and the bill should be presented again, in March 2020.
<\/p>\n","protected":false},"excerpt":{"rendered":"
The Legislative Assembly presented the forecast for next year and the biggest peace of the cake will be related to gaming activities.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Macau's Legislative Assembly has approved the 2020 budget, projecting a continued significant reliance on direct gaming taxes, which are expected to contribute 91 billion patacas (\u20ac10 billion) and account for 74.5% of total tax revenue. Despite a slight decrease in overall expenditure, the government anticipates a surplus, underscoring the critical role of casino Gross Gaming Revenue (GGR) in the region's fiscal stability.","focusai_entities":"Legislative Assembly, Macau Government","focusai_location":"Macau","focusai_target_profile":"ceo_executive (1.0), regulator (0.8), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Tax Impact","query":"How might the Macau government's continued heavy reliance on direct gaming taxes influence future regulatory frameworks or concession renewal negotiations for casino operators?"},{"label":"Fiscal Stability Outlook","query":"What are the potential implications for Macau's long-term fiscal stability if gaming revenue growth stagnates or declines, given its 74.5% contribution to total tax receipts?"}],"footnotes":""},"categories":[160,28,16338],"tags":[29,257],"class_list":["post-1730","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-casino-news","category-east-asia-news","tag-casino","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/1730","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=1730"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/1730\/revisions"}],"predecessor-version":[{"id":1789,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/1730\/revisions\/1789"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=1730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=1730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=1730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}