底气、从容；信心、优势！财政政策发力空间依然充足

Group 1 - The core viewpoint of the article emphasizes the significant advancements in fiscal policy during the "14th Five-Year Plan" period, highlighting its dual role in expanding total demand and optimizing structural adjustments [1][2] - Since the beginning of the "14th Five-Year Plan," fiscal policy has maintained a proactive stance, becoming a crucial force for stable and healthy economic development, with the deficit ratio increasing from 2.7% to 3.8% and projected to reach 4% by 2025 [2][8] - The introduction of new local government special bond quotas amounting to 19.4 trillion yuan and tax reductions exceeding 1 trillion yuan further illustrates the expanded fiscal policy space [2][6] Group 2 - Fiscal policy tools have become more diverse, utilizing government bonds, tax incentives, fiscal subsidies, and special funds to enhance coordination with other macro policies and amplify policy multiplier effects [6][7] - The timing of fiscal policy implementation has become more flexible, ensuring early execution and effectiveness by seizing timely opportunities [4][6] - The focus on facilitating economic circulation and precise fiscal interventions, such as a one-time arrangement of 6 trillion yuan for debt replacement, significantly alleviates local debt repayment pressures [6][7] Group 3 - The understanding of fiscal macro-control has deepened, emphasizing the need for stability while allowing for timely adjustments in response to changing circumstances [7][9] - Future fiscal policy still has ample room for maneuvering, with a solid foundation for fiscal operations and enhanced counter-cyclical and cross-cyclical adjustment capabilities [8][9] - The confidence in fiscal work is bolstered by accumulated macro-control experience and the gradual digestion of existing risks, allowing for a more composed response to future challenges [9]