Group 1: Fiscal Policy Implementation - The Central Political Bureau meeting emphasizes the need for more proactive fiscal policies, including increased spending intensity and accelerated government bond issuance to support economic development and social stability [1][2] - The fiscal deficit for this year is set at 5.66 trillion yuan, an increase of 1.6 trillion yuan from last year, marking the highest deficit level in recent years [2] - The total public budget expenditure is projected to reach 29.7 trillion yuan, reflecting a 4.4% increase compared to last year, indicating further fiscal expansion [2] Group 2: Support for Domestic Demand - The issuance of special bonds and long-term treasury bonds is a key strategy to support domestic demand and economic growth, with a total of 4.4 trillion yuan in new local government special bonds planned for this year [4][6] - The first issuance of long-term special treasury bonds amounted to 1.3 trillion yuan, aimed at supporting major projects and enhancing consumer spending [4][6] - The government aims to boost consumer spending through initiatives like the "old-for-new" consumption program, which has seen significant sales growth in related sectors [5][6] Group 3: Policy Coordination and Effectiveness - The government is implementing a combination of policies, including tax reductions and fiscal incentives, to enhance the effectiveness of fiscal measures and support high-quality development in technology and manufacturing [8] - The central government has allocated 10.34 trillion yuan for transfer payments to local governments, a year-on-year increase of 8.4%, to enhance local fiscal capacity [8][9] - There is a focus on improving the efficiency of fund usage through better project management and collaboration among various departments [7][10]
财政政策加大力度稳经济
Jing Ji Ri Bao·2025-05-20 22:49