财政部详解财政政策如何“更加积极”

Core Insights - The National Financial Work Conference emphasized the continuation of a more proactive fiscal policy in 2026, focusing on expanding fiscal expenditure and ensuring necessary spending levels [1][3] Group 1: Fiscal Policy and Expenditure - The conference highlighted the need to expand the fiscal expenditure envelope to ensure necessary spending levels [3] - A proactive fiscal policy will be implemented, characterized by increased spending, expanded deficits, and enhanced transfer payments to stimulate overall demand and promote economic recovery [3] - In the first 11 months of 2025, the total fiscal expenditure reached 3.40662 trillion yuan, reflecting a year-on-year growth of approximately 4.5% [3] Group 2: Key Tasks for 2026 - The conference outlined six key tasks for 2026, with a primary focus on supporting domestic demand and enhancing consumer spending through targeted actions [4] - There will be an emphasis on increasing effective investment, particularly in new productive forces and comprehensive human development [4] - The second key task involves supporting the deep integration of technological and industrial innovation, with increased fiscal investment in technology and improved management of technology funding [5] Group 3: Social and Regional Development - The conference stressed the importance of promoting urban-rural integration and regional coordination to expand development space [5] - In the realm of social welfare, there will be a focus on strengthening basic social security and improving employment, education, and healthcare services [6] - The conference also highlighted the need for increased investment in human capital, including the establishment of childcare subsidies and the gradual promotion of free preschool education [6] Group 4: Green Development and International Cooperation - A significant focus will be placed on promoting comprehensive green transformation in economic and social development, including pollution prevention and ecosystem protection [7] - The conference called for strengthening international financial cooperation and expanding high-level openness, particularly through initiatives like the Hainan Free Trade Port [6][7]