重磅信号！刚刚，财政部发声！

Core Viewpoint - The Chinese government is committed to maintaining a proactive fiscal policy to support high-quality economic development, with sufficient room for future fiscal policy adjustments [1][4]. Group 1: Fiscal Policy and Debt Management - The Minister of Finance, Lan Fo'an, stated that the government's debt level is within a reasonable range, with a total debt of 92.6 trillion yuan and a debt-to-GDP ratio of 68.7% as of the end of last year [1]. - The government plans to issue 5 trillion yuan in special bonds to inject capital into large commercial banks, which is expected to leverage approximately 6 trillion yuan in credit [2]. - Over the past two years, 1.5 trillion yuan in long-term special bonds have been allocated to promote "two重" construction [3]. Group 2: Fiscal Strength and Expenditure - Since the beginning of the "14th Five-Year Plan," the fiscal deficit ratio has increased from 2.7% to 4%, with new local government special bond quotas totaling 19.4 trillion yuan and tax reductions exceeding 1 trillion yuan [4]. - The national fiscal strength has significantly increased during the "14th Five-Year Plan," with general public budget revenue expected to reach 106 trillion yuan, a 19% increase from the previous five-year period [6]. - Total public budget expenditure is projected to exceed 136 trillion yuan, marking a 24% increase compared to the "13th Five-Year Plan" [6]. Group 3: Social Welfare and Public Spending - During the "14th Five-Year Plan," nearly 100 trillion yuan has been allocated for social welfare, with significant investments in education (20.5 trillion yuan), social security (19.6 trillion yuan), healthcare (10.6 trillion yuan), and housing security (4 trillion yuan) [7]. - The government has also allocated 1 billion yuan for childcare subsidies and 200 million yuan for gradually implementing free preschool education [7]. Group 4: Economic Contribution and Stability - Over the past four years, China's contribution to global economic growth has remained around 30%, with an average economic growth rate of 5.5% [8]. - The central government has arranged nearly 50 trillion yuan in transfer payments to local governments during the "14th Five-Year Plan," ensuring stable local fiscal operations [9].