The Government will not cut back on ongoing projects aimed at improving the livelihood of the people despite uncertainties in the global economy or even a slowdown in economic growth. This assurance was given today by the Chief Executive, Mr Edmund Ho Hau Wah, when he attended a plenary session of the Legislative Assembly to answer legislators’ questions on various issues. Macao had introduced a series of measures to relieve inflation, build public housing, and provide free 15 years of education to all students among other projects to improve the people’s livelihood. Considering the uncertainty in the global economy, it is estimated that Macao’s economic environment will be more challenging next year, with the inflation rate staying at a relatively high level, Mr Ho said. However, Macao would continue to undertake these projects, since the budgets had passed close scrutiny. Considering the future revenue of the Government and the surpluses amassed in the past few years, Macao had the financial muscle to carry out these projects. But Mr Ho reminded that we might see dips in Macao’s gaming revenue next year. To relieve inflation, the Government would continue to introduce measures to help the financially-challenged and families in difficulties, he said.
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