宏观政策要持续发力、适时加力 切实兜牢基层“三保”底线

Core Viewpoint - The central government emphasizes the importance of maintaining basic livelihood, wages, and operational stability, highlighting the need for macroeconomic policies to continue to exert force and adapt as necessary [1] Group 1: Financial Support for Local Governments - The central government has increased transfer payments to local governments to 1,034.15 billion yuan, representing an 8.4% year-on-year increase, with specific allocations for equalization transfer payments and basic financial support for counties [2] - In the first half of the year, 9.29 trillion yuan of transfer payments were disbursed to local governments, accounting for 89.8% of the annual budget, which is a 1.7 percentage point increase from the previous year [2] - Local governments are encouraged to replace hidden debts to alleviate repayment pressures, allowing more resources to be allocated for maintaining livelihoods and promoting development [2] Group 2: Budget Execution and Monitoring - The budget report emphasizes the need to prioritize "three guarantees" (basic livelihood, wages, and operational stability) in budget execution, with strict controls on budget overruns and new temporary payments [3] - Various regions, such as Beijing and Henan, have reported significant increases in their public budget transfers and expenditures related to the "three guarantees," with Henan's county-level expenditures growing by 16.2% year-on-year [3] - Monitoring mechanisms have been established to detect financial risks early, with specific indicators set to track fiscal operations and ensure timely responses [3] Group 3: Enhancing Social Welfare - A series of significant social welfare policies have been implemented, including a child-rearing subsidy of 3,600 yuan per child per year, with an initial budget of approximately 90 billion yuan for this initiative [4] - Public budget expenditures reached 16,073.7 billion yuan in the first seven months, a 3.4% increase year-on-year, with notable growth in social security, education, and health expenditures [4] - Employment strategies include reducing unemployment insurance rates and expanding social insurance subsidies, contributing to improved public welfare [5] Group 4: Institutional Strengthening - The government is focused on establishing a long-term mechanism for the "three guarantees," enhancing local financial capabilities, and improving budget management and monitoring [7] - Regions like Shandong and Beijing are implementing measures to ensure that "three guarantees" are prioritized in budget planning and execution, with strict adherence to budgetary processes [7] - Recommendations include optimizing the fiscal revenue distribution mechanism to enhance local financial autonomy and improve the management of "three guarantees" funds [8]