Budget | Gov’t expenses more than double

Local administration revenues dropped 33.6 percent year-on-year during the first four months of this year, according to data made available yesterday by the Financial Service Bureau (DSF).
The local administration totaled revenues of MOP37.9 billion. Most of that value originated from gaming taxes (MOP31.6 billion), showing the weight that the sector carries for the local economy. A total of 83.3 percent of the administration’s total revenue derives from the gaming sector.
Concerning expenses, during the first four months of the year, the administration spent MOP17 billion, 56.3 percent more than in the same period of 2014. The investments included in the public investment plan (PIDDA) continue to have a low execution rate. Only 3 percent of the MOP14.7-billion investment plan was executed.
The data made available reflects the budget that was approved in November 2014, and not the amended budget that was voted and passed at the Legislative Assembly on April 1.