财长蓝佛安最新发声

Core Viewpoint - The article emphasizes that during the "15th Five-Year Plan" period, China's fiscal policy will maintain an active orientation and sufficient intensity to stabilize the economy and ensure people's livelihoods [3][4]. Group 1: Fiscal Policy Orientation - The Minister of Finance, Lan Fo'an, stated that the "15th Five-Year Plan" will focus on an active fiscal policy, enhancing counter-cyclical and cross-cyclical adjustments, and determining deficit rates and debt scales based on changing circumstances [3][4]. - The core deployment of fiscal work in the "15th Five-Year Plan" is to enhance fiscal sustainability, marking a significant shift from previous plans that focused on tax system reforms [3][4]. Group 2: Economic Environment and Challenges - The article outlines that the development environment is facing profound and complex changes, including external instability and domestic economic pressures, which necessitate effective responses to capture opportunities from crises [4][5]. - The overall economic situation is characterized by a transition from old to new growth drivers, with significant downward pressure on the economy [5]. Group 3: Fiscal Expenditure and Debt Management - Recent years have seen weak fiscal revenue growth due to economic downturns, prompting the government to increase debt levels while maintaining fiscal expenditure intensity [6]. - China's government debt ratio was reported at 68.7% in 2024, which is significantly lower than that of major economies, indicating substantial room for further borrowing [6]. Group 4: Targeted Fiscal Support - The "15th Five-Year Plan" emphasizes precise fiscal efforts, focusing on high-quality development areas such as modern industrial systems, technology, education, social security, agriculture, and environmental protection [6][7]. - The plan calls for optimizing government investment structures to increase the proportion of investments in people's livelihoods and enhance public service spending [6][7]. Group 5: Policy Coordination - Lan Fo'an highlighted the importance of policy coordination, advocating for a systematic approach to design and implement fiscal policies that align with monetary, industrial, and regional policies to promote high-quality development [7].