财政政策如何继续“更加积极” 扩大财政支出盘子，强化重点领域保障

Core Viewpoint - The Chinese government plans to implement a more proactive fiscal policy in 2026, focusing on expanding fiscal expenditure and optimizing spending structures to support economic growth and ensure a strong start to the "14th Five-Year Plan" [1] Group 1: Fiscal Policy and Economic Growth - The government aims to enhance domestic demand and support the construction of a robust domestic market, with a strong emphasis on boosting consumption through various initiatives [1] - Plans include funding for consumer incentives, optimizing personal consumption loan interest subsidies, and promoting new consumption models [1] - There will be increased investment in key areas such as new productivity and comprehensive human development, alongside efforts to establish a unified national market [1] Group 2: Infrastructure and Social Welfare - Continued issuance of long-term special government bonds is expected to support major national projects, ensuring sustained investment demand and improving living standards [2] - Fiscal spending will be directed towards social welfare, with a focus on enhancing residents' income and improving consumption willingness [2] - The government will implement policies to lower financing costs for innovation and service sectors, thereby encouraging technological innovation and consumption [2] Group 3: Technological and Industrial Development - The government plans to increase fiscal investment in technology and strengthen the role of enterprises in innovation [2] - There will be a focus on fostering new productive forces through enhanced fiscal and tax policies, promoting the integration of technological and industrial innovation [2] - Initiatives will include insurance compensation policies for first-time applications and support for high-quality development in key manufacturing sectors [2] Group 4: Social Security and Regional Development - Strengthening basic social security and enhancing urban-rural integration will be priorities, with measures to increase residents' income through various channels [3] - The government will support rural revitalization and improve agricultural productivity, while also promoting new urbanization and regional coordinated development [3] - Fiscal policies will be adjusted to ensure public services are accessible and portable, facilitating urban renewal and regional strategies [3]