Core Viewpoint - The Chinese government is committed to maintaining a proactive fiscal policy in 2026 to promote high-quality economic and social development, ensuring that fiscal deficits, debt levels, and total expenditures remain at necessary levels while focusing on key areas of support [1][3]. Group 1: Fiscal Policy and Expenditure - The fiscal deficit, total debt scale, and total expenditure for 2026 will be maintained at necessary levels, ensuring that overall expenditure intensity "only increases and does not decrease," with a focus on strengthening key areas of support [3]. - The government plans to continue expanding the fiscal expenditure framework in 2026, building on the more proactive measures of 2025, indicating a very positive policy stance [3]. - There will be a continuous optimization of expenditure structure to ensure funds are allocated to critical areas, breaking the "base + growth" expenditure solidification pattern, and actively applying zero-based budgeting principles to reduce ineffective spending [3]. Group 2: Efficiency and Effectiveness of Fund Utilization - Every penny spent must generate the expected benefits, with plans to arrange super long-term special government bonds in 2026 for "two heavy" constructions and "two new" initiatives, while optimizing policy implementation [5]. - The government aims to enhance fiscal and financial collaboration, exploring innovative policy tools to amplify the effects of public funds and the spillover effects of public policies [5]. - There will be a focus on deepening fiscal and tax reforms to further stimulate the internal vitality of the economy, optimizing transfer payment structures, and enhancing local fiscal capabilities [5].
确保“十五五”良好开局,2026年财政“硬核”支持有哪些?
Zhong Guo Jing Ji Wang·2026-01-23 06:30