财政赤字率4%打的住吗?
Sou Hu Cai Jing·2026-01-04 09:21

Group 1 - The core viewpoint of the article emphasizes the necessity of maintaining a fiscal deficit rate of no less than 4% for 2026, as proposed in the Central Economic Work Conference [2][7] - The Central Economic Work Conference and the National Financial Work Conference both advocate for a more proactive fiscal policy, which includes maintaining necessary fiscal deficits, total debt scale, and expenditure volume [2][3] - The fiscal deficit for 2025 is set at approximately 4%, amounting to 56,600 billion yuan, with a projected increase for 2026 [3][4] Group 2 - Scholars suggest that the fiscal deficit rate for 2026 could rise to between 4.5% and 5%, leading to a broad deficit scale exceeding 16 trillion yuan [5] - The narrow deficit rate, if reaching 4.5% to 5%, would correspond to a deficit scale of approximately 6.6 trillion to 7.4 trillion yuan [5] - The fiscal expenditure is expected to play a crucial role in addressing economic challenges, particularly in enhancing domestic demand and employment [6] Group 3 - The article highlights that the 2026 fiscal policy will need to be more aggressive to support the economic growth targets, especially in light of the ongoing challenges in domestic demand and local government finances [6][7] - The monetary policy for 2026 is expected to remain moderately loose, with anticipated interest rate cuts to stimulate economic growth and stabilize prices [8] - Structural monetary policies will focus on directing financial resources towards key sectors such as technology innovation, manufacturing upgrades, and small enterprises [8]