The Legislative Assembly (AL) yesterday passed the government’s 2018 budget bill, according to which the government expects a total expenditure of 109.61 billion patacas next year, a year-on-year increase of 14.5 percent, or 13.89 billion patacas.
It’s the first time that the government plans to spend over 100 billion patacas in a year.
According to the bill, the government expects total receipts of 119.17 billion patacas next year, up 15.8 percent, or 16.23 billion patacas, on the 2017 budget.
Secretary for Economy and Finance Lionel Leong Vai Tac (second from right, second row), accompanied by senior officials of his policy portfolio, attends yesterday’s plenum in the legislature’s hemicycle about next year’s government budget. Photo: GCS
