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财政部长蓝佛安部署下一步工作重点
Di Yi Cai Jing Zi Xun·2025-09-11 03:32

Core Viewpoint - The report emphasizes the need for a more proactive fiscal policy to stimulate economic growth and improve budget execution efficiency [1][2]. Fiscal Policy and Spending - In the first seven months of the year, the broad fiscal expenditure reached approximately 21.5 trillion yuan, reflecting a year-on-year growth of about 9.3%, significantly outpacing the fiscal revenue growth of around 0% [2]. - The acceleration of budget execution is aimed at increasing investments in areas such as livelihood, technology, and major projects to stimulate overall economic demand [2]. Government Debt and Financing - The net financing of government bonds in the first seven months amounted to 8.9 trillion yuan, an increase of 4.88 trillion yuan year-on-year [3]. - The issuance of new special bonds by local governments reached approximately 3.3 trillion yuan in the first eight months, marking a year-on-year increase of 27%, which constitutes about 75% of the planned annual issuance [3]. Consumer and Service Sector Support - The government plans to implement policies to boost consumption, including personal consumption loan interest subsidies and service industry loan interest subsidies, with a subsidy rate of 1 percentage point [3]. - These policies aim to lower the credit costs for residents and service industry operators, thereby stimulating consumption potential [3]. Future Fiscal Focus Areas - The report outlines key fiscal priorities, including supporting employment and foreign trade, fostering new growth drivers, improving livelihood, managing risks in key areas, and enhancing fiscal governance [4].