The chief executive of Macau said that in order to avoid a fiscal deficit, gambling revenue of at least 191 billion is needed every month.

Macau needs to continue to promote moderate economic diversification and reduce its reliance on gaming revenue.

He Yicheng said that the government will not directly intervene in companies to increase employee salaries.He believes that the government should negotiate with Macau Chief Executive He Iat Seng and enterprises, rather than directly ordering enterprises to avoid raising fiscal deficits in employees' salaries.

, Macau's monthly gaming revenue industry experts pointed out that Macau's current core problem is to reach at least 19 yuan in fiscal revenue and expenditure of 1 million yuan.balance.However, he pointed out that in the long run of 2, Macau's fiscal budget needs to continue to promote economic diversification and adhere to the principles of market economy.

Let all industries make coordinated progress, so that Macau's Legislative Assembly can gradually get rid of its financial difficulties and achieve long-term and stable economic development according to forecasts.
Macau's gaming revenue will reach 2023 billion yuan in 2000, and there may still be a fiscal deficit.Only when gaming revenue reaches 2300 billion yuan can the fiscal budget be basically balanced.

In other words, to break even, Macau needs at least 191 billion yuan in gaming revenue every month.Currently, Macau’s finances are highly dependent on gaming revenue.

Ho Iat Seng pointed out that Macau’s other tax revenues are relatively small.There is a tax rebate policy for personal income tax, and small and medium-sized enterprises can enjoy tax benefits, although the real estate transaction volume is not high.Therefore, gaming tax remains the mainstay of Macau’s tax system.

He predicted that Macau’s gaming revenue in 2023 will exceed last year’s, but the entire fiscal budget will still be in deficit.Macau needs to continue to promote appropriate economic diversification to reduce its dependence on gaming revenue.

He Yicheng said that the government will not directly intervene in companies to increase employee salaries.He believes the government should negotiate with gaming companies rather than directly order them to raise wages.

Macau professionals pointed out that fiscal balance remains a key issue facing Macau.However, if we hope that Macau can gradually get rid of its financial difficulties and achieve long-term stable economic development, we need to continue to promote economic diversification and adhere to the principles of market economy so that various industries can grow in a coordinated manner.