The financial reserves of the Macau Special Administrative Region (MSAR) rose month-on-month by about 1.0 percent to 647.349 billion patacas (US$80.44 billion) at the end of June, the local government has announced this week.
The local government published the figure in in Macau’s Official Gazette (BO) on Wednesday.
The MSAR concluded last year with financial reserves amounting to 616.2 billion patacas.
Since the end of last year, the financial reserves have risen by five percent in the first half of this year.
Official data shows that the financial reserves have grown by around 90 billion patacas since the end of the COVID-19 pandemic in December 2022, which affected the local economy for three years (since January 2020) and compelled the government to use some of the MSAR’s financial reserves for budgetary support measures and public assistance programmes.
Last year, the MSAR government’s total expenditure stood at 94.2 billion patacas, according to Financial Services Bureau (DSF) data.
The financial reserves reached their peak in February 2021, during the pandemic, when they reached 663.5 billion patacas, according to official statistics.
