Macau residents will receive their annual wealth-sharing cash handouts from today, the Financial Services Bureau (DSF) noted in a statement yesterday.
According to the statement, 717,018 permanent residents will receive 10,000 patacas each, while 30,850 non-permanent residents will receive 6,000 patacas each, irrespective of place of birth, nationality, age, and current place of residence.
Permanent residency can be acquired after habitually living in Macau for seven consecutive years.
As previously, the handouts will be distributed in batches. While those in a number of special groups will receive their cash handouts by bank transfer, others will be paid with a crossed cheque to be sent to their respective designated address by post.
Old-age subsidy beneficiaries will be among the first to receive the handouts from today. Those who do not receive their handouts by bank transfer will receive their crossed cheque from July 9. The last batch will be paid out from July 31.
The government has been paying out the cash handouts annually since 2008, when each permanent resident received 5,000 patacas while each non-permanent resident received 3,000 patacas. Since then, the amount had been gradually increased, before it reached the current amount of 10,000 patacas for permanent residents and 6,000 patacas for non-permanent residents in 2019.
This diagram released by the Financial Services Bureau (DSF) yesterday shows the schedules for different groups of residents to receive their 2024 cash handouts.
