The Macau Legislative Assembly (AL) has unanimously approved the first draft of the government’s 2025 budget amendment bill, which proposes a decrease in budgeted revenue due to lower gross gaming revenue estimates.
In a move aimed at ensuring the smooth operation of public administrative services and meeting essential commitments for 2025, the Assembly reviewed a new 2025 Budget Law last year, as adjustments to the budget have become necessary due to evolving public finance policies.
Secretary for Economy and Finance Tai Kin Ip introduced the outline of the 2025 budget amendment bill during a plenary session in the legislature yesterday (June 12), noting that in the first quarter of 2025, Macau’s economy continued to recover with a high influx of visitors.
However, gross gaming revenue slightly fell short of expectations, and as a result, the SAR Government revised its annual estimate for gross gaming revenue, which forms the primary basis for the amended budget’s financial revenues.
The government now revised downward its estimates by MOP12bn (US$1.5bn) to MOP228bn ($28.5bn), or a monthly average of MOP19bn ($2.4bn), from a previous forecast of MOP240bn ($30.4bn), or a monthly average of MOP20bn ($2.5bn).
Source: Asia Gaming Brief
