The government’s income from direct gaming taxes fell 37.1 percent year on year to 13.96 billion patacas in the first seven months of the year, the Financial Services Bureau (DSF) announced yesterday.
Direct gaming taxes accounted to 66.2 percent of the government’s current receipts between January and July.
Macau’s casinos pay 35 percent of their gross gaming revenue (GGR) as direct tax to the government. They pay an additional 5.0 percent of their GGR into the public coffers as a levy for a range of social, economic and cultural development purposes.
The government’s total income – comprising current and capital receipts – fell 4.0 percent year on year to 58.07 billion patacas in the first seven months.
The government’s total expenditure dipped 2.6 percent to 47.9 billion patacas between January and July, resulting in a current budget surplus of 10.1 billion patacas.
