Measures to improve quality of life for residents

As Macao’s economy continues to improve, the Macao SAR Government has significantly increased the amount of subsidies and measures designed to upgrade the quality of life for residents, said the Chief Executive. The expected spending for these measures in 2019 is approximately MOP18.75 billion, which includes:

Wealth Partaking Scheme payments of MOP10,000 for permanent residents (up by MOP1,000) and MOP6,000 (up by MOP600) for non-permanent residents;

Birth allowance increases for the second consecutive year to MOP5,260;

The elderly pension of MOP3,630 per month, an increase of MOP180;

Subsidies to ensure all families meet a rising minimum subsistence index of MOP4,230 per one-person household;

Continued implementation of the 30 percent exemption in personal income tax applicable to all Macao residents, with basic allowance set at MOP144,000; and

Continuation of the 60 percent rebate of tax payable for 2018, subject to an increased ceiling of MOP14,000, which will be disbursed in 2020.