Core Viewpoint - In 2026, China will enhance fiscal management with a focus on efficiency and effectiveness, emphasizing the need for systematic and precise use of fiscal funds [1][3][7] Group 1: Fiscal Policy and Management - The fiscal expenditure for the year is approximately 30 trillion yuan, which is considered limited relative to the overall social funding, necessitating a more effective allocation of resources [1] - The central government will expand the pilot scope of zero-based budgeting reforms, exploring new budget management models [3] - In Anhui province, the implementation of zero-based budgeting has led to a reduction of 8.02 billion yuan in fiscal funds and an optimization of the key guarantee item list from 95 items totaling 75.6 billion yuan in 2023 to 64 items totaling 84.65 billion yuan in 2025 [5] Group 2: Debt Management and Risk Mitigation - The Ministry of Finance will continue to enforce strict management of government debt, aiming to resolve existing hidden debt risks and prevent the emergence of new hidden debts [7] - There is a commitment to reform financing platforms and enhance the management of state-owned assets, which is crucial for high-quality fiscal development [7] Group 3: Role of Fiscal Science Management - The central government's fiscal transfer payments to local governments have exceeded 1 trillion yuan for three consecutive years, highlighting the need for improved efficiency in the use of these funds [9] - Fiscal science management is not solely the responsibility of the finance department; all entities utilizing fiscal funds must contribute to maximizing the effectiveness of fiscal policies [9]
2026年我国将全面加强财政科学管理
Xin Lang Cai Jing·2025-12-28 10:10