| Macao's fiscal reserves reach $3.8 bln in 2006 |
| 2007-10-17 13:49 |
| From:Xinhua Article type:Reproduced |
MACAO, Oct. 17 -- Macao's accumulated fiscal reserves reached 30.59 billion patacas (3.8 billion U.S. dollars) at the end of 2006, local media reported Wednesday. The Macao Post Daily quoted Francis Tam Pak Yuen, secretary for Economy and Finance, as saying that the government's budget produced a surplus of 9.83 billion patacas (1.23 billion U.S. dollars) in 2006. The city's blossoming gaming industry dedicated a 20.62-billion- patacas (2.58 U.S. dollars) tax payment to the government in 2006, the finance chief told the newspaper. The government spent 4.34 billion patacas (543 million U.S. dollars) on public investment in the past year, the official was cited. The city has a population of 528,000. |
| (Source: English Site of Department of Information Technology) |
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