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Additional budgets allocated for 2017

The Macau SAR Government has approved the allocation of additional budgets to several local funds, commissions, and institutions for the fiscal year of 2017, totaling over MOP3.66 billion (US$457.50 million/HK$3.56 billion), according to dispatches published yesterday in the Official Gazette. Topping the list of supplementary public allocations is the Industrial and Commercial Development Fund, whose […]

The Macau SAR Government has approved the allocation of additional budgets to several local funds, commissions, and institutions for the fiscal year of 2017, totaling over MOP3.66 billion (US$457.50 million/HK$3.56 billion), according to dispatches published yesterday in the Official Gazette.
Topping the list of supplementary public allocations is the Industrial and Commercial Development Fund, whose first additional budget amounts to a total of nearly MOP3.03 billion, while the Cultural Industries Fund will receive a total amount of MOP99.62 million.
The Commission Against Corruption and the Commission of Audit will receive additional funding totaling MOP6.23 million and MOP256,215, respectively.
Additional budgets have also been ordered for housing affairs, with the government to disburse MOP508.75 million to the Building Maintenance Renovation Fund and MOP334,951 to the Housing Credit Grants Fund.
The Macao Polytechnic Institute is the only higher education institution to have made the current list, being accorded a sum of MOP19.77 million.

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