孙学工：建议明年预算赤字提高到4.5% 继续增发特别国债

Core Viewpoint - The Chinese macroeconomic research institute suggests continuing proactive fiscal policies and moderately loose monetary policies in 2026 to maintain policy continuity and stability [1] Group 1: Fiscal Policy - A recommendation to increase central government spending to enhance the effectiveness of proactive fiscal policies [1] - Consideration of raising the budget deficit ratio to 4.5% to ensure sustained government efforts [1] - Continuation of issuing special government bonds to support fiscal measures [1] Group 2: Monetary Policy - Emphasis on maintaining a moderately loose monetary policy to create a supportive macroeconomic environment [1]