Page 198 - 2025 Special Report

Fig 12. Macau saw steady tourism recovery in 2023

Source: Statistics Bureau of Macau

Recent policies and reforms Administrative Region (2024-2028) , the first
108
systematic industrial development plan issued in Macau.
2025 budget proposal 107
• Macau will speed up building itself into a
Highlights: comprehensive destination for tourism and leisure
that combines the elements of gourmet food,
• The government will continue existing tax vacationing, sightseeing, shopping, entertainment,
cuts, waivers and rebates and possibly result in net culture, medical treatment and sports. The major
negative government tax revenue of MOP4.833 tasks for this purpose include developing and
billion for 2025. optimizing tourism products, expanding tourist
sources, deepening cooperation within the
• The proposed budget predicted that GBA and with the Guangdong-Macau In-depth
gaming revenue would come in at MOP240 billion Cooperation Zone in Hengqin, neighboring Zhuhai
in 2025, an 11% rise on 2024’s conservative forecast and promoting the healthy development of the
of MOP216 billion. gaming industry in accordance with the law.

• The Wealth Partaking Scheme would be • Macau will also speed up to develop TCM
continued in 2025, through the offer of MOP10,000 and big health industry, basically establish TCM
to each permanent resident and MOP6,000 to each development encompassing industries, universities
non-permanent resident. and research institutes and gradually build the city
into a national and regional medical center. It will
• Other recommendations included in the also promote research and development of TCM
proposal: existing subsidies for disadvantaged and commercialization of research findings as well
groups and the continued payment to employers as modernization and internationalization of the
who are eligible for it. In addition, temporary TCM industry, step up regional cooperation, speed
housing subsidies for eligible families on the up academic building and talent nurturing and
waiting list for public housing and the health improve the regulatory system.
voucher scheme.
• Macau will promote the development of
Development Plan for Appropriate Eco- modern finance, enrich financial formats, improve
nomic Diversification of the Macau Special financial infrastructure construction and further
107 Government Information Bureau, https://www. 108 Government site of Macau, https://www.dsepdr.
gov.mo/en/news/347553/ gov.mo/uploads/attachment/2024-03/e-book_E.pdf

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