财政部：“硬核”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, focusing on increasing total expenditure, optimizing structure, improving efficiency, and enhancing economic momentum to ensure a strong start for the 14th Five-Year Plan [1] Fiscal Revenue and Expenditure - Fiscal revenue in 2025 is expected to show a "front low, middle high, and back stable" trend, with a 1.1% decline in Q1, followed by a 0.6% increase in Q2, and a 2.5% increase in Q3, with October showing a 3.2% growth [2] - The overall balance of revenue and expenditure is projected to be achievable, with stable growth in public budget revenue and strong expenditure supporting economic development [2] - Key expenditures in social security, employment, technology, education, and health have been well-supported, with over 10 trillion yuan allocated to these areas, accounting for over 40% of total public budget expenditure [3] Support for Technological Innovation - The fiscal policy is a crucial tool for supporting technological innovation, with measures including increased funding, tax incentives, and government procurement to promote high-level self-reliance in technology [4] - In 2025, 3.44 million enterprises received over 140 billion yuan in bank loans, with comprehensive financing costs reduced to below 5% [4] - Key areas of focus include enhancing government investment funds, supporting quality upgrades in key industries, and accelerating the application of major technological achievements [5] Policy Implementation - A comprehensive package of policies aimed at promoting domestic demand has been deployed, with a focus on early implementation to maximize impact [6] - Key policies include loan interest subsidies for small and micro enterprises, special guarantees for private investment, and support for consumer loans [7] - The budget for 2026 has made sufficient arrangements for the fiscal expenditures required for these policies, encouraging local institutions to actively engage in business [8]