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The Secretary for Economy and Finance, Mr. Lei Wai Nong, participated in a plenary session of Macau’s Legislative Assembly focused on pivotal legislative measures shaping the territory’s economic and social landscape for 2025.
The session featured the second reading and voting on the 2025 Budget Proposal, which outlines government spending priorities amid ongoing global economic uncertainties.
Additionally, legislators reviewed amendments to Law No. 7/2008, targeting reforms in Macau’s Labour Relations Law to enhance worker protections and modernize employment standards.
A significant highlight was the approval of the updated Tax Code, aimed at refining Macau’s tax framework to foster economic growth, improve tax compliance, and ensure fiscal sustainability.
These legislative actions reflect Macau’s ongoing commitment to balancing economic development with social equity as it navigates complex domestic and international financial environments.
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