Law No. 3/2020 amending the Budget of the Macao Special Administrative Region (Macao SAR) for the economic year 2020. Country/Territory China, Macao SAR Document type Legislation Date 2020 Source FAO, FAOLEX Subject General Keyword Special fund Fishery management and conservation Legal proceedings/administrative proceedings Financing Fish products Tourism Tax/levy Geographical area Asia, Eastern Asia, North Pacific, North-West Pacific Entry into force notes This Law enters into force on the day following its publication and takes effect from 1 January 2020. Abstract This Law amends the Budget of the Macao Special Administrative Region (Macao SAR), for the 2020 economic year, approved by Law No. 22/2019 (Budget Law 2020), and the use, under the terms of article 8 of Law No. 8/2011 (Legal Regime of the Financial Reserve) of the funds of the extraordinary reserve provided for in article 5 of the same Law, to maintain the financial balance of the MSAR Budget, as a counterpart to the reduction in revenues from the concession of gambling in casinos and other revenues resulting from the fight against Pneumonia caused by the new type of coronavirus and the increase in expenses related to the application of tax and economic support measures in response to this. The amendments in the Macao SAR Budget for the 2020 economic year, including the Fisheries Development and Support Fund, are done by adding a revenue line from the central budget and the respective allocation, as well as by reducing or reinforcing the budgeted values, initially, from other revenue lines and the expense (set out in Annex I). Full text Portuguese/Chinese Website bo.io.gov.mo