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Core Viewpoint - The article emphasizes the robust fiscal policies and strategies being implemented to ensure high-quality economic development during the "14th Five-Year Plan" period, highlighting significant increases in both revenue and expenditure, as well as ongoing reforms in the fiscal system [3][5][10]. Fiscal Policy and Economic Development - The Ministry of Finance is committed to balancing risk prevention and development promotion, ensuring ample space for future fiscal policy adjustments [3]. - National public budget revenue is projected to reach 106 trillion yuan during the "14th Five-Year Plan," an increase of 17 trillion yuan or approximately 19% compared to the previous five-year period [5]. - Public budget expenditure is expected to exceed 136 trillion yuan, marking an increase of 26 trillion yuan or 24% from the "13th Five-Year Plan" [5]. Social Welfare and Investment - Significant allocations have been made for social welfare, with nearly 100 trillion yuan dedicated to education, social security, healthcare, and housing support during the "14th Five-Year Plan" [5]. - The government has introduced various subsidies, including 1 billion yuan for childcare and 200 million yuan for free preschool education, to address public concerns [5]. Risk Management and Debt Control - The government is enhancing supervision of local government debt, implementing a closed-loop management system to mitigate hidden debt risks [6]. - A total of nearly 50 trillion yuan has been allocated for transfer payments to local governments, ensuring stable fiscal operations at the local level [6][8]. Fiscal System Reform - The Ministry of Finance is advancing fiscal system reforms aimed at clarifying responsibilities and enhancing regional balance, with a focus on increasing the fiscal capacity of local governments [8]. - The government has developed a comprehensive plan for fiscal and tax system reforms, with specific annual work plans in place [7][8]. Stimulating Domestic Demand - The fiscal department is actively promoting domestic demand through various initiatives, including a 4.2 trillion yuan investment to stimulate consumption, resulting in over 29 trillion yuan in sales [10]. - The government aims to leverage fiscal tools to unlock the potential of domestic demand, which is seen as a significant growth driver for the economy [10]. Debt Management Strategy - The Ministry of Finance plans to implement a debt management mechanism that supports sustainable economic development while addressing existing debt levels [12]. - Measures include early allocation of new local government debt limits and strict management of debt issuance to ensure effective use of funds [12][13].