【粤开宏观】财政如何提振消费？

Group 1: Fiscal Role in Economic Growth - Fiscal policy is the core of China's economic issues, influencing growth, fluctuations, and risk management[5] - Fiscal measures like tax reductions and increased spending can stimulate consumption and investment[7] - Fiscal policy serves as a bridge between government and market, enhancing market participant engagement[7] Group 2: Understanding Consumption - Consumption and investment should not be viewed as opposing forces; both are essential for economic health[12] - Investment is crucial for long-term supply optimization, while consumption drives immediate demand[13] - The relationship between consumption and investment is interdependent, requiring a balanced approach[12] Group 3: Recommendations for Boosting Consumption - Increase targeted subsidies for specific groups, such as unemployed youth and low-income families, to enhance consumption capacity[23] - Propose a real estate stability fund of approximately 2 trillion yuan to support housing market stability, which can indirectly boost consumer confidence[25] - Implement policies like "trade-in" for consumer goods to stimulate demand, with a focus on durable goods[26] Group 4: Long-term Structural Reforms - Improve national income distribution through tax reforms and increased transfer payments to elevate the share of low-income groups[29] - Optimize fiscal expenditure structure to balance investment and consumption, with a focus on social welfare[31] - Enhance public services for migrant workers to stabilize their expectations and boost consumption demand[35]