财政部：将以“硬核”举措支持稳就业、稳企业、稳市场、稳预期

Core Viewpoint - The Chinese government is committed to implementing a more proactive fiscal policy in 2026 to support employment, businesses, and market stability, ensuring a strong start for the 14th Five-Year Plan [1] Group 1: Fiscal Policy Measures - The fiscal department will increase the scale of fiscal spending, maintaining a reasonable level of fiscal deficit, debt, and total expenditure in 2026, ensuring that overall spending intensity "only increases" and key areas are "only strengthened" [1] - The proactive fiscal policy in 2026 builds on the measures taken in 2025, highlighting the government's commitment to an active policy stance while considering long-term fiscal sustainability [1] Group 2: Structural Optimization - The focus will be on optimizing the structure of fiscal spending, ensuring funds are allocated to critical areas, breaking the "base + growth" spending pattern, and applying zero-based budgeting to reduce ineffective expenditures [2] - More fiscal funds will be directed towards boosting consumption, investing in human capital, and ensuring social welfare, enhancing the public's sense of gain and happiness [2] Group 3: Efficiency Improvement - The aim is to improve the effectiveness of fiscal fund usage, ensuring that every penny generates expected benefits, with plans to issue long-term special bonds for key construction and new initiatives [2] - There will be an emphasis on enhancing the synergy between fiscal and financial policies, exploring innovative policy tools to amplify the impact of public funds and the spillover effects of public policies [2] Group 4: Strengthening Economic Momentum - The core of the strategy involves deepening reforms in key fiscal and tax areas to stimulate internal economic vitality, optimizing transfer payment structures, and enhancing local fiscal autonomy and coordination capabilities [2] - Measures will include improving the effectiveness of transfer payment funds, strengthening budget performance management, and refining tax rebate policies and fiscal subsidies to boost local fiscal development momentum [2]