Government increases public investment
In order to mitigate the financial impact on Macau's economy, the government will increase public investment and start the implementation of public interventions, such as public infrastructure work initiated last year by the Infrastructure Development Office and the Land, Public Works and Transport Bureau, said Jaime Carion, director of DSSOPT in response to an interpellation by lawmaker Chan Meng Kam.
Martin Mwinga, an economist, said this week that the overall government expenditure, excluding interest cost to service government debt, will increase by 30% to N$35.8 billion in 2011/12 from N$27.1 billion in 2010/11.