nov23
CE delivers 2024 policy address, prioritises economic recovery and diversification
The Macau SAR government is poised to drive the city’s overall economic recovery in 2024 by focusing on the development of tourism industry and the implementation of the ‘1+4’ economic diversification strategy, Chief Executive Ho Iat Seng said during the presentation of the Policy Address for 2024 at the Legislative Assembly.
Eight key priorities are outlined in the Policy Address for 2024, including safeguarding national security, economic diversification, improving the quality of life for residents, governance quality, construction of smart and green city, strengthening education system, integration of Macau and Hengqin, and aligning with the nation’s development.
CE emphasised that the government would implement an active fiscal policy with an appropriate level of public investment in the next fiscal year, focusing on the development of transport, infrastructure, public facilities, and public housing projects.
In the coming year, several key projects will be launched across the city’s four major industries to bolster the advancement of the ‘1+4’ economic diversification strategy.
“These efforts will surely provide new impetus and support for Macau’s economic recovery, enhance people’s quality of life, and facilitate moderate economic diversification,” the city’s leader said.
The Macau government is estimated to record around MOP107 billion (US$13.33 billion) in public revenue and MOP105.9 billion in expenditure next year, generating a surplus of MOP1.1 billion.
https://www.macaubusiness.com/ce-delivers-2024-policy-address-prioritises-economic-recovery/
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