Jul 15, 2014

Another summer of cash distributions in Macau (more than US$1000)

Over the next few months from July to September 2014, the people in Macau are going to get cash from their government. Macau has been doing this consistently for a number of years. The people are getting more than what the Alaskans get from their Alaska Permanent Fund Dividend. The Alaskans need to get more oil revenue into their Alaska Permanent Fund.

1 July 2014 
Wealth Partaking Scheme 2014 

In order to share the fruits of economic development with the general public, the Macao SAR government had announced the“Wealth Partaking Scheme 2014”, under which, local permanent residents would receive 9,000 patacas, whereas non-permanent residents 5,400 patacas. With the Administrative Regulation No.11/2014 gazetted, the scheme came into effect on 27 May 2014, and its implementation will officially start in July.
(1000 patacas = US$125)

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