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10月12日国新办会议点评:财政政策积极加快加力
Guolian Securities·2024-10-13 13:00

Group 1: Fiscal Policy Outlook - The meeting on October 12 emphasized the need to strengthen counter-cyclical fiscal policy and promote high-quality economic development, reflecting a highly positive attitude from the Ministry of Finance[2] - Key leaders, including one Minister and three Vice Ministers, attended the meeting, indicating the importance placed on current economic and market expectations[4] - Incremental fiscal support policies are expected to be introduced, with some already in the decision-making process, signaling a proactive approach to fiscal policy[4] Group 2: Implementation and Monitoring - The effectiveness of fiscal policy on the economic fundamentals depends not only on the total amount and structural direction of the policies but also on their implementation, including coordination and incentives[4] - Future monitoring of the implementation of fiscal policies is crucial, as the complexity of fiscal policy involves coordination among multiple departments and local governments[4] - Risks include significant economic changes, policy effects falling short of expectations, and delays in policy implementation[6]