中国财长介绍“更加积极的财政政策”内涵

Group 1 - The core viewpoint is that China will continue to implement a more proactive fiscal policy in 2026, focusing on maintaining necessary fiscal deficits, total debt scale, and overall expenditure [1] - The Ministry of Finance emphasizes expanding the fiscal expenditure pool and optimizing the government bond tool combination to enhance the effectiveness of bonds [1] - There will be a focus on improving the efficiency of transfer payment funds to enhance local financial autonomy and optimizing expenditure structure to support key areas such as consumption, investment in people, and social welfare [1] Group 2 - In 2025, China will maintain a strong fiscal expenditure intensity, with total general public budget expenditure exceeding 29 trillion yuan, and will issue long-term special government bonds amounting to 1.3 trillion yuan [2] - The issuance of 4.4 trillion yuan in new local government special bonds aims to revitalize 500 billion yuan of debt limits and enhance local comprehensive financial capacity [2] - During the 14th Five-Year Plan period, national fiscal revenue and expenditure are expected to reach approximately 106 trillion yuan and 136 trillion yuan, reflecting growth rates of 19% and 24% respectively compared to the previous five years [2]