A conservative US think tank has given Macau top marks for its “fiscal health.”
In its 2019 Index of Economic Freedom report, the Washington-based Heritage Foundation (HF) has given Macau 100.0 on its index for “fiscal health” – the same ranking as Hong Kong. Taiwan was given 91.6, while mainland China’s amounted to 76.0 and Singapore’s to 80.0.
The report, which was released last week, points out that Macau’s overall tax burden equals 25.0 percent of total domestic income, while over the past three years the local government’s expenditure has amounted to 17.9 percent of GDP and budget surpluses have averaged 12.6 percent of GDP.
