Group 1: Economic Policy and Fiscal Measures - The central government is implementing a more proactive fiscal policy to enhance investment in people's livelihoods, promote consumption, and strengthen economic resilience [1][5] - The Central Political Bureau meeting emphasized the need for sustained macroeconomic policy efforts and timely adjustments to ensure effective policy implementation [1][9] Group 2: Fiscal Revenue and Expenditure - In the first half of the year, the national general public budget revenue was 11.56 trillion yuan, a year-on-year decrease of 0.3%, while expenditure was 14.13 trillion yuan, an increase of 3.4% [2][4] - Local general public budget revenue reached 669.77 billion yuan, growing by 1.6%, with 27 out of 31 provinces reporting revenue growth [2][3] Group 3: Investment and Consumption Initiatives - The government is accelerating the issuance of special bonds to support consumption, with 690 billion yuan allocated for the third batch of consumer goods replacement subsidies [5][6] - The total sales of consumer goods under the replacement program reached 1.6 trillion yuan, contributing to a 5% year-on-year increase in total retail sales of consumer goods [6][7] Group 4: Social Welfare and Support - New policies for free preschool education and childcare subsidies are expected to benefit approximately 12 million children, with an additional 20 billion yuan in fiscal spending [8][9] - The central government has increased transfer payments to local governments by 8.4%, amounting to 1.03415 trillion yuan, to enhance local financial capacity and support basic livelihood guarantees [9][10] Group 5: Future Outlook - The implementation of more proactive fiscal policies is expected to continue into the second half of the year, with a focus on maintaining spending intensity to support consumption and investment [10][11] - The introduction of long-term special bonds and local special bonds is anticipated to further solidify the positive trend in high-quality economic development [10]
收支运行总体平稳 财政政策加力提效稳经济
Jing Ji Ri Bao·2025-08-12 01:21