In total, the Macau government collected US$3.4 billion in direct gaming taxes, after the same period last year saw some US$13 billion enter public coffers.
Local authorities also repeatedly revised gaming tax revenue estimates for this year, with the current estimate at some US$6.25 billion, an unlikely number to be reached considering that only one month remains.
Still, the Macau government collected almost US$305 million in gaming tax revenue in November, a 203% jump from the month prior, as local gaming revenues gradually improve as travel mainland tourists resume.
Transfer, funding and subsidies represented the largest public expenditures this year as authorities rolled out several financial measures to boost local consumption and aid programs, with some US$6.35 billion spent, a 22.5% increase from the same period last year.
In 2020 the local government also injected some US$5.3 billion from the local financial reserve to balance the budget, helping the local budget still finish the year with a reported US$1 billion surplus.
Source: GMB / Macau Business
