Wealth Partaking Scheme

Wealth Partaking Scheme (Chinese: 現金分享計劃; Portuguese: Plano de comparticipação pecuniária no desenvolvimento económico) is a cash disbursement policy to holders of a Macau Resident Identity Card by the Macau Special Administrative Region since 2008. The main purpose of the scheme is to share the results of the region's economic development with its people and help mitigate the effects of inflation.

Residents who have a valid or renewable Macau Resident Identity Card are the target beneficiaries of the scheme.

Beneficiaries of the Social Welfare Bureau (IAS), which include teachers who receive direct subsidies, students who are subsidized with scholarships or from the Student Welfare Fund by the Education and Youth Affairs Bureau (DESJ), other retired civil service employees, and senior citizens may have their money automatically deposited in a banking account or they can receive a crossed cheque by post.

Francis Tam, the Secretary for Economy and Finance, announced the Wealth Partaking Scheme at the Macau Government Headquarterson May 23, 2008. He said that for the initial run of the scheme, holders of permanent and non-permanent Macau Resident Identity Cards could receive 5,000 and 3,000 patacas respectively. More than 11,000 people who qualified for Macau Resident Identity Card applied for one after the scheme was announced, hoping to receive money. This is 10 times more than the normal amount of applications.

In his Policy Address on Nov 11, 2008, Chief Executive of Macau Edmund Ho announced that the region would have another wealth sharing scheme in the next fiscal year (2009) to help offset the negative economic influence of the Financial crisis of 2007–08. This time, permanent and non-permanent residents would receive 6,000 and 3,600 patacas as announced by Edmund Ho during the question and answer session in the Legislative Assembly of Macau on April 16, 2009. Every year since, the scheme has been a regular part of the Policy Address.

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