Group 1 - The Ministry of Finance will implement a more proactive fiscal policy next year, expanding the fiscal expenditure and optimizing the government bond tool combination to enhance the effectiveness of fund usage [1] - The Ministry will support consumption by continuing to arrange funds for the replacement of old consumer goods and adjusting the subsidy scope and standards [1] - The Ministry will promote employment and income growth for residents by coordinating various funds to support enterprises in stabilizing and expanding jobs, as well as enhancing social security and transfer payments [2] Group 2 - The Ministry will improve the fiscal transfer payment distribution mechanism to ensure that public services are portable and address issues related to the education and social insurance of agricultural migrant workers' children [3] - The Ministry will increase fiscal investment in education and establish a new funding distribution mechanism that adapts to changes in school-age population, while promoting free preschool education and enhancing the quality of compulsory education [4]

全国财政工作会议 12 月 27 日至 28 日在北京召开，财政部释放重磅政策信号。 财政部部长蓝佛安表示，明年将促进居民就业增收：统筹就业补助资金、失业保险基金等各类资金，引导支持企业稳岗扩岗、重点群体就业创业等； 积 极发挥税收、社会保障、转移支付等调节作用，多渠道增加居民收入。 据新华社报道，此次 全国财政工作会议 指出， 2026 年继续实施更加积极的财政政策。一是扩大财政支出盘子，确保必要支出力度。二是优化政府债券工 具组合，更好发挥债券效益。三是提高转移支付资金效能，增强地方自主可用财力。四是持续优化支出结构，强化重点领域保障。五是加强财政金融协 同，放大政策效能。 会议要求， 2026 年财政工作抓好以下重点任务 ： 坚持内需主导，支持建设强大国内市场。大力提振消费，深入实施提振消费专项行动。积极扩大有效投资，加大对新质生产力、人的全面发展等重点领域 投入。加快推进全国统一大市场建设，规范税收优惠、财政补贴政策。 支持科技创新和产业创新深度融合，加快培育壮大新动能。进一步增加财政科技投入，完善财政科技经费管理，强化企业科技创新主体地位。实 施制造 业重点产业链高质量发展行动，开展新一批制造业新型 ...

会议强调，财政部门要更加紧密地团结在以习近平同志为核心的党中央周围，深刻领悟"两个确 立"的决定性意义，增强"四个意识"、坚定"四个自信"、做到"两个维护"，以永不懈怠的精神状态 和一往无前的奋斗姿态，心无旁骛、只争朝夕，奋力推动财政改革发展再上新台阶，为以中国式 现代化全面推进强国建设、民族复兴伟业作出新的贡献。 财政部党组成员，全国人大常委会预算工委有关同志，特邀部门代表出席会议。驻部纪检监察组 有关负责同志，各省、自治区、直辖市和计划单列市、新疆生产建设兵团财政厅（局）长，财政 部各地监管局、机关各司局、部属各单位主要负责同志参加会议。 会议认为，"十四五"时期，财政实力进一步增强，财政宏观调控更加科学有效，财税体制改革接 续推进，财政统筹能力明显增强，财政发展与安全的基础不断夯实，对外财经交流合作广度和深 度持续提升，财政在中国式现代化建设中的支撑和保障作用越来越强。 会议强调，中央经济工作会议系统部署2026年经济工作。各级财政部门要坚持稳中求进工作总 基调，以推动高质量发展为主题，更好统筹国内经济工作和国际经贸斗争，更好统筹发展和安 全，继续实施更加积极的财政政策并提高精准度和有效性，做优增量、盘 ...

Core Viewpoint - The article outlines the key tasks and strategies for China's fiscal policy in 2026, emphasizing the importance of maintaining a proactive fiscal policy to support economic growth and social stability [5][6]. Group 1: Fiscal Policy Strategies - The meeting highlighted the need for a more proactive fiscal policy, focusing on maintaining spending intensity and supporting key projects to stimulate consumption [5]. - There will be a significant increase in investment in basic research and support for digital transformation in small and medium-sized enterprises [5]. - The government aims to enhance social welfare by improving employment policies, increasing scholarship standards, and establishing a childcare subsidy system [5]. Group 2: Risk Management and Reform - The meeting emphasized the importance of managing risks in key areas, including the replacement of hidden debts and the orderly transformation of financing platforms [5]. - Fiscal and tax reforms will be deepened, including the implementation of zero-based budgeting and improvements to the VAT refund policy [5][6]. - The article stresses the need for enhanced international financial cooperation and the successful completion of significant international meetings [5]. Group 3: Key Tasks for 2026 - The focus will be on boosting domestic demand and supporting the construction of a strong domestic market, with actions to stimulate consumption and effective investment [7]. - There will be an emphasis on integrating technological and industrial innovation, with increased fiscal support for technology and the modernization of industrial systems [7][8]. - The government plans to promote rural revitalization and regional coordinated development, ensuring basic social welfare and enhancing the social security system [8]. Group 4: Management and Governance - The article calls for comprehensive improvements in fiscal management, emphasizing the need for high-level management to drive quality fiscal development [9]. - It highlights the importance of balancing risk management with long-term mechanisms, particularly in government debt management [9]. - The meeting encourages a strong commitment to the leadership of the Communist Party, reinforcing the need for unity and focus in fiscal reforms [9].

智通财经APP获悉，12月27日至28日，全国财政工作会议在北京召开。会议指出，2026年继续实施更加 积极的财政政策。一是扩大财政支出盘子，确保必要支出力度。二是优化政府债券工具组合，更好发挥 债券效益。三是提高转移支付资金效能，增强地方自主可用财力。四是持续优化支出结构，强化重点领 域保障。五是加强财政金融协同，放大政策效能。 同时，会议提到，打好更加积极财政政策"组合拳"，保持支出强度，更大力度支持"两重"项目，加力扩 围实施"两新"政策，供需两端激发消费潜力。此外，加强国际财经交流合作，支持扩大高水平对外开 放。推进全球经济金融治理改革，深化拓展全球伙伴关系，加强国际经贸合作，实施好海南自贸港封关 运作货物税收政策。 原文如下： 全国财政工作会议在北京召开 12月27日至28日，全国财政工作会议在北京召开。会议以习近平新时代中国特色社会主义思想为指导， 全面贯彻落实党的二十大和二十届历次全会以及中央经济工作会议精神，贯彻落实党中央、国务院决策 部署，总结2025年财政工作，布置2026年重点任务。财政部党组书记、部长蓝佛安作工作报告。 六是深入拓展国际财经交流合作，圆满完成亚投行第十届理事会年会，推进 ...

Core Viewpoint - The National Financial Work Conference held in Beijing from December 27 to 28 emphasizes the continuation of a more proactive fiscal policy in 2026 [1]. Group 1: Key Tasks for Fiscal Work in 2026 - Expand the fiscal expenditure base to ensure necessary spending intensity [2]. - Optimize the government bond tool mix to better leverage bond effectiveness [2]. - Improve the efficiency of transfer payment funds to enhance local financial autonomy [2]. - Continuously optimize the expenditure structure to strengthen support for key areas [2]. - Strengthen fiscal and financial collaboration to amplify policy effectiveness [2]. Group 2: Support for Domestic Demand and Economic Growth - Focus on domestic demand, supporting the construction of a strong domestic market, boosting consumption, and implementing special actions to stimulate consumption [3]. - Actively expand effective investment, increasing input in key areas such as new productivity and comprehensive human development [3]. - Accelerate the establishment of a unified national market and standardize tax incentives and fiscal subsidy policies [3]. Group 3: Innovation and Development - Support the deep integration of technological and industrial innovation, increasing fiscal investment in technology and enhancing management of fiscal technology funds [3]. - Strengthen the role of enterprises in technological innovation and implement high-quality development actions for key manufacturing industry chains [3]. - Launch new pilot cities for technological transformation in manufacturing [3]. Group 4: Social and Regional Development - Promote urban-rural integration and regional collaboration to expand development space [3]. - Advance comprehensive rural revitalization and support people-centered new urbanization [3]. - Facilitate coordinated regional development [3]. Group 5: Social Welfare and Green Transition - Strengthen basic social safety nets and enhance livelihood security [3]. - Promote employment and income growth, improve education and healthcare services, and refine the social security system [3]. - Accelerate the green transformation of economic and social development, focusing on pollution prevention and ecological protection [3]. Group 6: International Cooperation - Enhance international financial and economic cooperation and support high-level opening-up [3]. - Promote reforms in global economic and financial governance and deepen global partnerships [3]. - Strengthen international economic and trade cooperation and implement favorable tax policies for the Hainan Free Trade Port [3].

全国财政工作会议12月27日至28日在北京召开。会议指出， 2026年继续实施更加积极的财政政策。 一是扩大财政支出盘子，确保必要支出力度。二是优化政府债券工具组合，更好发挥债券效益。三是提高转移支付资金效能，增强地方自主 可用财力。四是持续优化支出结构，强化重点领域保障。五是加强财政金融协同，放大政策效能。 ...

财政部部长蓝佛安在12月27日至28日举行的全国财政工作会议上表示，明年将继续实施更加积极的财政 政策。"更加积极"既体现在资金规模上，更体现在提高资金使用效益上。其中，明年将扩大财政支出盘 子，确保必要支出力度；优化政府债券工具组合，更好发挥债券效益。 (责任编辑：谭梦桐) ...

中新网拉萨12月27日电 (李林)西藏自治区实施更加积极的财政政策成效和"十四五"时期深化财税体制改 革新闻发布会26日在拉萨召开。会议介绍，2025年中央持续加大对西藏的转移支付支持力度，西藏自治 区精准实施更加积极的财政政策，财政收支增速稳居全国前列。 2025年1-11月，西藏全区一般公共预算支出2715.61亿元，增长7.8%。综合预判，2025年全区财政收入 有望突破300亿元，支出有望突破3000亿元大关，将实现"双破三"的历史性突破。 西藏通过实施更加积极的财政政策，一方面，多措并举提振消费，支持大宗消费品更新升级；另一方 面，带动扩大有效投资。同时，强化政策支撑和资金保障，推动外贸规模稳步增长。 西藏自治区财政厅预算处处长刘雪介绍，"十四五"时期西藏进一步深化财税体制改革，重点围绕持续优 化税制结构、提升基层保障能力等方面开展工作。(完) （文章来源：中国新闻网） 图为西藏自治区财政厅党组成员、副厅长刘武介绍相关情况。李林摄 西藏自治区财政厅党组成员、副厅长刘武介绍，2025年中央对西藏补助达到2881亿元(人民币，下同)， 均衡、生态等多项转移支付增幅位居全国或西部地区前列。2025年1-1 ...

Group 1 - The core viewpoint of the report is that the fiscal policy for 2025 will be "more proactive," leading to significant increases in both narrow and broad fiscal deficits, with narrow deficit expected to rise by 39% and broad deficit by 27% [1][13][14] - The issuance of government bonds will be accelerated, with net supply expected to increase by 128% year-on-year in the first half of 2025, while broad fiscal expenditure is projected to show a "U"-shaped trend in 2024 and a "front high and back low" trend in 2025 [1][14] - The structure of fiscal revenue is improving, with a target growth rate for non-tax revenue set at -14.2%, indicating a reduced reliance on non-tax income [2][15][16] Group 2 - The expansion of debt resolution measures and diversification of debt resolution methods are highlighted, including the issuance of special bonds and policies targeting corporate arrears and PPP projects [2][16][17] - The expected slowdown in infrastructure investment growth in the second half of 2025 is attributed to several factors, including the completion of prior funding projects and the diversion of funds to debt resolution [3][18][19] - For 2026, the central economic work conference emphasizes the continuation of a more proactive fiscal policy, with expectations for a slight increase in fiscal strength compared to 2025 [4][20][21] Group 3 - The anticipated fiscal revenue growth for 2026 is projected to rebound to 3%-5%, driven by price increases and tax policy adjustments [5][26][27] - The introduction of new policy financial tools is expected to significantly impact fixed asset investment, with an estimated investment scale of 1.5-2 trillion yuan in 2026 [6][28][29] - The report indicates a structural shift in consumption patterns, with a focus on new types of consumption and service consumption, as traditional durable goods consumption is expected to slow down [8][32][33] Group 4 - The report discusses the expansion of debt resolution to include non-hidden debts, with measures to clear local government arrears to enterprises [9][34][35] - The importance of improving the local tax system is highlighted, with potential reforms in consumption tax expected to accelerate [10][36][37] - The overall impact on the asset side suggests that continued fiscal strength and proactive measures will support nominal growth and micro-activity in 2026 [11][37]