Covid-19. Macau gives one thousand euros to each resident to “relieve pressure” from the pandemic

Covid-19. Macau gives one thousand euros to each resident to “relieve pressure” from the pandemic
Covid-19. Macau gives one thousand euros to each resident to “relieve pressure” from the pandemic

The Macau government announced this Friday that it will give eight thousand patacas (1.10 euros) to each resident to “relieve the financial pressure” caused by the worst outbreak of covid-19, recorded in June and July, since the beginning of the pandemic. pandemic.

The amount can be spent, from October 28 to June 30, 2023, for payments within the daily limit of 300 patacas, equivalent to 38 euros.

In a statement, the Macau Executive Council explains that the measure aims “to boost local domestic demand and promote economic recovery” by generating consumption of more than 10 billion patacas (1.26 billion euros).

According to Anton Tai Kin Ip, director of Macau Economic Services, the support represents an investment of 5.92 billion patacas (745.6 million euros). Also, according to that official, it is a measure with “very high effectiveness” and which, in previous editions, resulted in the spending of “23% of the amount in restaurants and supermarkets”.

The new subsidy announced this Friday is part of an assistance plan worth a total of 10 billion patacas and which includes a program of “monetary support to workers, self-employed professionals and operators of commercial establishments”.

In order to implement the programme, the parliament approved in July a budget review that foresees the use of 35.1 billion patacas (4.5 billion euros) of funds from the extraordinary reserve of the territory.

Macau was hit in June and July by the worst outbreak of Covid-19 since the beginning of the pandemic. More than 1,700 people were infected and six people died as a result of the outbreak that led the authorities to impose a partial confinement in the territory and the closure of most commercial establishments.

The article is in Portuguese

Tags: Covid19 Macau thousand euros resident relieve pressure pandemic

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