Core Viewpoint - The article emphasizes the importance of proactive fiscal policy in supporting China's modernization efforts and high-quality development, as outlined in the 14th Five-Year Plan and the recent 20th Central Committee meeting [1][3]. Fiscal Policy Implementation - Since the beginning of the 14th Five-Year Plan, fiscal policy has maintained a proactive stance, with the deficit ratio increasing from 2.7% to 4% this year, and the issuance of new local government special bonds amounting to 19.4 trillion yuan [2][3]. - The government has implemented over 10 trillion yuan in tax reductions and deferrals, enhancing fiscal policy space [2]. Achievements of the 14th Five-Year Plan - During the 14th Five-Year Plan, total public budget expenditure is expected to exceed 136 trillion yuan, a 24% increase from the previous five-year period, with over 70% of fiscal spending directed towards people's livelihoods [3]. - The fiscal response to risks has strengthened, with nearly 100 trillion yuan allocated for social welfare over five years [3]. Strategic Focus for the 15th Five-Year Plan - The 15th Five-Year Plan is seen as a critical period for achieving socialist modernization, with a focus on enhancing fiscal policy effectiveness in response to complex domestic and international challenges [4][5]. - The government aims to maintain strong fiscal support, ensuring that spending intensity continues to support economic and social development [5]. Key Areas of Fiscal Policy Action - The government will focus on three main areas to strengthen the domestic market: boosting consumption through subsidies and income increases, expanding effective investment in strategic projects, and promoting a unified market through improved fiscal policies [6][7]. - Emphasis will be placed on optimizing resource allocation and enhancing the efficiency of fiscal management, including reforms in budget processes and tax systems [9][10].
贯彻落实党的二十届四中全会精神权威访谈丨发挥积极财政政策作用 为奋力开创中国式现代化建设新局面提供坚强财政保障——访财政部党组书记、部长蓝佛安
Xin Hua She·2025-11-14 12:18