Secretary for Economy and Finance Lionel Leong Vai Tac pledged yesterday that the government will strive to improve the performance of investments that it makes from its financial reserves, while always adopting a prudent approach.

Leong made the remarks while speaking to reporters on the sidelines of an event to celebrate the 9th anniversary of the Alliance for Common People Building Up Macau, at The Plaza Restaurant in Zape.

The Macau Monetary Authority (AMCM) said in a statement last week that until the end of last year the government had total financial reserves of 438.7 billion patacas, which consisted of “basic” reserves of 132.8 billion patacas and “extraordinary” reserves of 305.9 billion patacas.

Secretary for Economy and Finance Lionel Leong Vai Tac speaks to reporters at The Plaza Restaurant in Zape on the sidelines of a public event yesterday. Photo: Debby Seng

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