Secretary for Economy and Finance Lionel Leong Vai Tac said yesterday the government needed to increase public investment to help boost the local economy amid its current downturn
Leong made the remarks when attending a plenary session to present the government’s 2017 budget bill, which was unanimously passed by the legislature.
According to the bill, the government expects total receipts of 102.94 billion patacas next year, a 0.3 percent decrease from this year.
Government expenditure next year is budgeted at 95.73 billion patacas, 10.69 billion patacas more than this year, up 12.6 percent.
Secretary for Economy and Finance Lionel Leong Vai Tac addresses yesterday’s plenary session in the legislature’s hemicycle. Photo: Tony Wong
