构建财政可持续运行机制 增强地方财政可持续性

Core Viewpoint - China's local fiscal operations are undergoing a profound transformation and facing significant pressure due to complex external environments, economic slowdown, and deep adjustments in the real estate market, necessitating reforms to establish a sustainable local fiscal mechanism to support healthy economic development [1][4]. Group 1: Reasons for Local Fiscal Challenges - The structural contradictions during the economic transition period are limiting the foundation for fiscal revenue growth, with traditional industries slowing down and new industries not yet sufficiently developed [6]. - The traditional tax collection system struggles to effectively cover new economic activities, leading to risks of tax revenue loss, especially in regions overly reliant on specific industries [6]. - The fiscal system below the provincial level is not fully reformed, affecting revenue and expenditure balance, with rigid expenditure structures and inadequate performance management mechanisms [7]. Group 2: Strategies to Enhance Fiscal Sustainability - Cultivating high-quality tax sources is essential, focusing on creating a vibrant and diverse tax base, shifting from "attracting investment" to "nurturing businesses" [11]. - Gradually advancing fiscal reforms at the provincial level is crucial, including optimizing budget management and establishing a long-term mechanism for government debt management [12]. - Innovating policy tools to expand fiscal revenue sources, such as shifting focus from single transfer payments to major reform pilot projects and strategic platforms [13][14]. Group 3: Resource Coordination and Tax Administration Efficiency - Fully activating existing asset resources to enhance value and revenue, employing methods like public leasing and asset disposal [15]. - Standardizing government revenue management to reduce reliance on non-tax income and improve the regulatory framework for tax incentives [15]. - Building a modern tax administration system using data-driven approaches to ensure comprehensive tax collection and address emerging tax risks [15].