中国财长：全力保障“三保”支出需要

Core Viewpoint - The Chinese Minister of Finance emphasizes the importance of safeguarding the "three guarantees" (basic livelihood, wages, and operations) in fiscal budgeting and execution, ensuring that funds allocated for these purposes are not misappropriated or diverted [1][2]. Group 1: Fiscal Policy and Budget Management - The Minister urges local financial departments to prioritize the "three guarantees" in budget planning and execution, ensuring full allocation of necessary funds [1]. - A strict responsibility system is to be implemented, with county-level authorities primarily responsible, supported by city-level assistance and provincial-level backing [1]. - The meeting calls for continued adherence to the requirement for government agencies to tighten their budgets and improve fiscal management practices [1]. Group 2: Debt Management - The government is focused on managing hidden debts, having issued a total of 2 trillion RMB in hidden debt replacement quotas, resulting in an average interest cost reduction of over 2.5 percentage points [1]. - There is a zero-tolerance policy towards new hidden debts, with 12 typical cases of accountability for hidden debts publicly exposed [2]. - The aim is to fundamentally block the pathways for new hidden debts and to merge the supervision of hidden and legal debts to prevent illegal borrowing [2].