财政重点任务：增加民生保障支出｜解读“十五五”

Core Points - The "15th Five-Year Plan" emphasizes the importance of fiscal policy in boosting consumption and enhancing public service spending to improve residents' consumption capacity [1][2] - The plan outlines the need to expand effective investment, optimize government investment structure, and increase the proportion of government investment in people's livelihoods [1][2] - It calls for the acceleration of the market-oriented allocation of factors and the establishment of a macro asset-liability balance sheet to optimize the asset-liability structure [1][2][8] Fiscal Policy Directions - The plan highlights the role of proactive fiscal policy in enhancing fiscal sustainability [2][8] - It stresses the importance of scientific fiscal management, resource allocation, and budget coordination to support national strategic tasks and basic livelihood financing [2][3] - The plan advocates for the deepening of zero-based budgeting reform and the optimization of fiscal expenditure structure [3][4] Taxation and Financial Management - The plan proposes improvements to the local tax and direct tax systems, including the regulation of tax incentives and maintaining a reasonable macro tax burden [3][4] - It suggests strengthening central authority and increasing the proportion of central fiscal expenditure [4][5] - The plan emphasizes the need for enhanced financial supervision and the establishment of a long-term mechanism for government debt management aligned with high-quality development [6][7] Risk Management - The plan includes measures to strengthen the capacity for risk prevention and resolution in key areas such as real estate, local government debt, and small financial institutions [8]