Macau Residents To Get Another Cash Handout

Macau's chief executive, Ho Iat-seng, on Tuesday announced that permanent residents will receive a cash handout of 10,000 patacas next year, while non-permanent residents will get 6,000.

The SAR has been handing out cash annually since 2008.

In his policy address, Ho said as Macau contains Covid-19 and more residents get vaccinated against the virus, the SAR hopes to be able to relax travel restrictions next year to boost the tourism industry and the wider economy.

“The tourism industry is still an important pillar of Macau’s economy. Facilitating the recovery of the tourism sector is key to boosting the economy,” he said.

“As we control the pandemic and ensure the situation is stable, we should resume normal travel as soon as possible with nearby regions, in particular the mainland and Hong Kong, and attract tourists to visit Macau.”

He noted that various sectors had been hit hard by the pandemic in the past year, but said the SAR’s GDP is expected to see double-digit growth compared to 2020.