Chief Executive Fernando Chui told reporters he'd tell the legislature the bill was being removed.
"I'll not, myself, take one cent. I am going to give everything," Chui said after an executive council assembly. "Individuals do not have to be concerned. While I am fat, I'll not make myself fat."
The 600,000 residents in Macau have taken a passive approach to government policy over inequality and falling quality of life as large societal gains, accelerated economic growth and low unemployment stark displeasure.
The fought bill would have given outgoing officials ample compensation packages and given Macau's top leader exemption from criminal charges.
Organisers said more than mentioning well-being, schooling and home problems which they say as politicians and business magnates fostered their wealth have been left unaddressed.
Macau's economy relies greatly on its 35 glitzy and commonly vast casinos, a sudden comparison to Gambling taxes account for over 80 percent of government revenues.
Protesters also have demanded limitations on increasing home costs on the inflow of foreign workers and tests.
"The pressure is overly powerful.
Claims of mismanagement and corruption have surfaced in Macau. One of the most senior government officials of the territory, Ao Man-long, was detained in 2007 and later conficted of bribe-taking, money laundering and misuse of power.
Demonstrations are much less common than in Hong Kong, where residents regularly use increased rights to free speech to stage demonstrations that are extreme over sensed noise by Beijing in local matters.
But the political fray has been joined by youthful Macanese, mobilising through social media like facebook for last weekend's demonstration.
"From now on, if the Macanese people face injustice, residents must no longer believe that we can not alter anything. Instead, residents should ask ourselves what we may do to alter things."
The 600,000 residents in Macau have taken a passive approach to government policy over inequality and falling quality of life as large societal gains, accelerated economic growth and low unemployment stark displeasure....read more
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