Macau | Proposal for 2018 fiscal budget submitted Tuesday

The proposal has already been signed by seven legislators of the second standing committee and will be submitted to Chairman Ho Iat Seng of the Legislative Assembly (AL) on Tuesday, Chan Chak Mo reported

Macau (MNA) – The proposal has already been signed by seven legislators of the second standing committee and will be submitted to Chairman Ho Iat Seng of the Legislative Assembly (AL) on Tuesday, said Chan Chak Mo, a legislator and chairman of the second standing committee of the AL.

Mr. Chan said Chairman Ho will schedule the deliberation accordingly.

Regarding the proposal, a small change was made regarding the reduction of complementary tax for business with Portuguese-speaking countries, with the definition of Portuguese-speaking countries being countries which use Portuguese as their ‘official language’, the same definition stated in the Basic Law.

In general, the committee agreed all the expenses proposed by the government for 2018.

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