Workflow
国务院最新部署!财政政策五大重点任务→
第一财经·2025-06-27 11:41

Core Viewpoint - The article emphasizes the clarity of fiscal policy priorities for the second half of the year, focusing on the implementation of proactive fiscal measures to stabilize the economy and support employment, businesses, and market expectations [1][2]. Fiscal Policy Implementation - The government has introduced a more proactive fiscal policy, with a total new government debt scale of 11.86 trillion yuan this year, an increase of 2.9 trillion yuan compared to the previous year [2]. - From January to May, 6.29 trillion yuan of national bonds were issued, a year-on-year increase of 38.5%, while local government bonds reached 1.98 trillion yuan, up 36.6% [2]. Support for Employment and Livelihood - The fiscal work will focus on enhancing support for employment and expanding social welfare, with significant budget allocations for social security, education, and healthcare [3]. - In the first five months, social security and employment expenditures amounted to approximately 2 trillion yuan, education spending was around 1.7 trillion yuan, and healthcare spending was about 0.9 trillion yuan [3]. Debt Management and Risk Prevention - The report highlights the importance of managing local debt risks and ensuring the "three guarantees" (basic livelihood, wages, and operations) are met [4][5]. - In the first five months, 1.63 trillion yuan of refinancing bonds were issued to replace hidden debts, achieving 81.5% of the annual limit of 2 trillion yuan [5]. Fiscal Reform and Management - The article discusses ongoing fiscal management pilot programs aimed at improving the efficiency and effectiveness of fiscal governance [6]. - Zero-based budgeting reforms are being implemented to enhance resource allocation efficiency, with plans to shift certain tax collection responsibilities to local governments [7]. Quality of Development - The report calls for a focus on the quality of development, with increased support for education and technology, and the promotion of traditional industry upgrades and new industry growth [7].