重磅信号！刚刚，财政部发声！

Core Viewpoint - The Chinese government is committed to maintaining a proactive fiscal policy to support high-quality economic development during the "14th Five-Year Plan" period, with ample room for future fiscal policy adjustments [1][4]. Fiscal Policy and Economic Support - The Ministry of Finance plans to enhance the continuity, stability, flexibility, and foresight of fiscal policies, ensuring timely adjustments in response to changing economic conditions [1][2]. - A special bond issuance of 500 billion yuan is aimed at injecting capital into major commercial banks, which is expected to leverage approximately 6 trillion yuan in credit [2]. Fiscal Measures and Investments - Over the past two years, 1.5 trillion yuan in long-term special bonds have been allocated to promote "two重" construction, with a total of 19.4 trillion yuan in local government special bonds arranged over five years to support 150,000 construction projects [3]. - The fiscal deficit ratio has increased from 2.7% to 4% during the "14th Five-Year Plan," with over 10 trillion yuan in new tax reductions and refunds [3]. Fiscal Strength and Expenditure - The national fiscal strength has significantly improved, with general public budget revenue expected to reach 106 trillion yuan, an increase of 17 trillion yuan (approximately 19%) compared to the "13th Five-Year Plan" [5]. - Total public budget expenditure is projected to exceed 136 trillion yuan, marking a 24% increase from the previous five-year period [5]. Social Welfare and Public Spending - During the "14th Five-Year Plan," nearly 100 trillion yuan has been allocated for social welfare, including 20.5 trillion yuan for education, 19.6 trillion yuan for social security and employment, and 10.6 trillion yuan for health care [6]. - The government has also allocated 1 trillion yuan for childcare subsidies and 200 billion yuan for gradually implementing free preschool education [6]. Economic Contribution and Growth - Over the past four years, China's contribution to global economic growth has remained around 30%, with an average economic growth rate of 5.5% [7][8]. - The central government has arranged nearly 50 trillion yuan in transfer payments to local governments during the "14th Five-Year Plan," ensuring stable local fiscal operations [9].