Macao's accumulated fiscal reserves reached 30.59 billion
patacas (US$3.8 billion) at the end of 2006, local media reported
Wednesday.
The Macao Post Daily quoted Francis Tam Pak Yuen, secretary for
Economy and Finance, as saying that the government's budget
produced a surplus of 9.83 billion patacas (US$1.23 billion) in
2006.
The city's blossoming gaming industry dedicated a
20.62-billion-patacas (US$2.58) tax payment to the government in
2006, the finance chief told the newspaper.
The government spent 4.34 billion patacas (US$543 million) on
public investment in the past year, the official was cited.
The city has a population of 528,000.
(Xinhua News Agency October 17, 2007)
