Cash subsidies to relieve pressure of inflation

The Macao Government would give MOP6000 to each permanent resident and MOP3600 to each non-permanent resident, to help them tackle inflation. The Chief Executive Mr Edmund Ho Hau Wah said payouts would begin in mid-May at the earliest. He announced the continuance of the Wealth Partaking Scheme Schedule for Distribution policy, which started from last year, when he attended the plenary meeting of the Legislative Assembly today. After considering the Government’s overall revenue in 2008 and issues that arose in the global financial crises, the Government decided to give Macao permanent residents the money, he said. Meanwhile, the Government would also launch a medical subsidy scheme for permanent resident, he said. Under the scheme, each is entitled to have a book of medical coupons with a total value of MOP500 they could use visiting private practitioners in Western or Chinese medicines, and when visiting dentists. Disclaimer: The publication contains information in summary form and is therefore intended for general guidance only. This publication is not intended as legal, accounting or other professional advice and should not be relied upon as such. If legal, accounting or other professional advice or expert assistance is required, the services of a competent professional should be sought. Neither Jackson Chan & Co. nor any related entity shall have any liability to any person or entity that relies on the information contained in this publication. For more details, please refer to the link: http://www.gcs.gov.mo/showNews.php?PageLang=E&DataUcn=33615&Member=0