Arab Today, arab today macao\s fiscal surplus reaches 744 bln usd in first 10 months
Last Updated : GMT 09:22:01
Arab Today, arab today
Arab Today, arab today

Macao\'s fiscal surplus reaches 7.44 bln USD in first 10 months

Arab Today, arab today

Arab Today, arab today Macao\'s fiscal surplus reaches 7.44 bln USD in first 10 months

Macao - Xinhua

Macao recorded a fiscal surplus of 59.53 billion patacas (7.44 billion U.S. dollars) in the first 10 months of 2011, up by 68.3 percent over the same period last year, according to the figures released Friday by the city\'s Financial Services Bureau (DSF). Total public revenue (excluding the amounts from the autonomous agencies) of Macao in the first 10 months of 2011 reached 90.82 billion patacas (11.35 billion U.S. dollars), up by 45 percent year-on-year, the figures indicated. The DSF pointed out that the remarkable increase in public revenue was due to noticeable increase in the revenue of \"Direct taxes from gaming\" and \"Transfers\", up by 46.6 percent and 48.4 percent year-on-year respectively, and was contributed by increasing gross gaming revenue. Revenue of \"Direct taxes from gaming\" during the first 10 months of 2011 reached 76.31 billion patacas (9.53 billion U.S. dollars), according to the DSF figures. By law, local casinos were required to pay 35 percent of their revenues as direct gaming taxes to the government of the Macao Special Administrative Region (SAR) and another five percent as special contributions to the city\'s urban development and promotion of local tourism. The figures also indicated that total public expenditure in the first 10 months of 2011 increased by 14.7 percent year-on-year to 31.3 billion patacas (3.91 billion U.S. dollars).  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today macao\s fiscal surplus reaches 744 bln usd in first 10 months Arab Today, arab today macao\s fiscal surplus reaches 744 bln usd in first 10 months

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today macao\s fiscal surplus reaches 744 bln usd in first 10 months Arab Today, arab today macao\s fiscal surplus reaches 744 bln usd in first 10 months

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday