Core Viewpoint - The Central Committee of the Communist Party of China emphasizes the need for more proactive macro policies, particularly through an expansionary fiscal policy and moderately loose monetary policy to support economic recovery [1] Fiscal Policy Implementation - The fiscal expenditure scale for 2025 is set to reach 29.7 trillion yuan, an increase of 1.2 trillion yuan from the previous year, indicating a strong expansionary fiscal policy [1] - The fiscal deficit for 2025 is projected to be 5.66 trillion yuan, up by 1.6 trillion yuan, with a deficit rate target of around 4% [1] Government Debt and Financial Support - The new local government special debt limit for 2025 is set at 4.4 trillion yuan, an increase of 500 billion yuan, aimed at providing financial support for local debt management [2] - The issuance of ultra-long special bonds is planned at 1.3 trillion yuan, with 800 billion yuan allocated for major project support and 500 billion yuan for new policy implementation [2] Focus on Social Welfare and Consumption - Over 70% of fiscal spending will be directed towards social welfare, emphasizing the importance of investing in people [3] - Measures to increase disposable income for residents include raising pensions and healthcare subsidies, benefiting over 300 million people [4] Support for Key Sectors - Increased fiscal support for education, technology, green initiatives, and rural revitalization is planned, with a focus on enhancing productivity and sustainable development [5] - Central government science and technology spending is set to increase by 10% to 398.1 billion yuan, with a focus on basic research [5] Fiscal Management and Reform - The need for a scientific fiscal management system is highlighted, with an emphasis on improving efficiency and effectiveness in fund usage [9] - The implementation of zero-based budgeting reforms is encouraged to enhance budget efficiency and resource allocation [7][10] Legal and Standardized Management - Establishing a comprehensive legal framework for fiscal management is essential for modernizing the fiscal system [10] - Standardization in fiscal management practices is necessary to improve efficiency and address common issues [10]
用好用足更加积极的财政政策
Jing Ji Ri Bao·2025-05-01 22:07