Macaus fiscal reserve topped MOP246.6 billion in November, a marginal increase of 1 per cent since October but an almost 50 per cent jump compared to one year ago. Data published by the Monetary Authority revealed that the citys fiscal reserve has been slowing down its growth since the last half of 2014 as gaming revenues started to drop after the Summer. Since September, the increases have been almost marginal. However, the fiscal reserve size recorded in November is still quite large compared to only a year before. In 2013, the fiscal reserve amounted to MOP168 billion, 50 per cent and MOP80 billion less.
Top Stories
RELATED ARTICLESMORE FROM AUTHOR
Four wounded in drone strike on Iraq gas complex
A drone strike on Friday targeted a gas complex in Iraq's autonomous Kurdistan region wounding...
UK man charged with ‘Russia-backed arson plot’ on Ukraine-linked targets
A 20-year-old British man has been charged with masterminding an arson plot against a Ukrainian-linked...
Jewish students conflicted over US campus protests
Israel's war against Hamas has sparked anger and division around the world, including on US...
Production of minerals for clean energy is insufficient: UN
Current production levels of key minerals such as lithium, cobalt and nickel needed for clean...