保民生、促消费，财政政策持续加码|财税益侃

Group 1 - As of July 16, 2025, 280 million people have applied for the "old-for-new" subsidy, driving related product sales exceeding 1.6 trillion yuan [1] - A series of fiscal policies have been introduced to invest more financial resources in people's livelihoods and stimulate consumption to stabilize the economy [1] - The implementation plan for the childcare subsidy system was publicly released, providing 300 yuan monthly for each child under three years old, benefiting over 28 million infants [1][2] Group 2 - The childcare subsidy policy is expected to increase fiscal spending by approximately 100 billion yuan annually, with the central government covering about 90% of the costs [1][2] - The Ministry of Finance has set up a transfer payment project for childcare subsidies, with an initial budget of around 90 billion yuan for this year [1] - The policy to gradually implement free preschool education will exempt kindergarten fees for about 12 million children starting from the fall semester of 2025, with an estimated fiscal increase of about 200 million yuan for one semester [1][2] Group 3 - The Ministry of Finance has introduced personal consumption loan interest subsidy policies, providing a 1% subsidy for eligible loans, with a maximum subsidy of 3,000 yuan for individuals and 10,000 yuan for service industry loans [5] - These interest subsidy policies aim to lower credit costs for residents and businesses, thereby promoting consumption and economic circulation [5][6] - The interest subsidy policy is seen as a significant move by the government to emphasize the importance of expanding consumption [5][6] Group 4 - The interest subsidy policies are expected to leverage fiscal funds to enhance the vitality of the consumption market, particularly in the service sector [6] - The personal consumption loan interest subsidy focuses on demand, while the service industry loan subsidy addresses supply, promoting stable economic development from both ends [6] - Previous implementations of consumption loan interest subsidies in regions like Sichuan have shown positive effects on consumption growth [7]