许昆林强调，要坚持全要素统筹财政资源，完善"四本预算"统筹、财源税源培育等体制机制，深入 挖掘潜在资源，精准高效涵养税源财源，科学设置专项资金，深化省级预算单位账户资金管理机制改 革，全面提升财政效能。要更好发挥财政政策逆周期调节作用，进一步调整优化财政支出结构，持续深 化零基预算改革，完善以绩效为导向的预算管理模式，创新和优化财政资源投放方式，向更好保障重大 任务聚焦、向更加有效"投资于人"发力。要坚决落实过紧日子要求，严格"三公"经费管理，严把预算安 排、资产配置、政府采购等关口，加快推进数字技术与财政制度的深度融合，从资金源头到使用末端全 流程、逐环节完善机制、优化管理，切实把有限的财政资金用在发展紧要处、民生急需上。要更加高效 统筹发展和安全，全力兜牢基层"三保"底线，持续化解地方政府债务风险，有力有序有效推进地方融资 平台出清，守牢不发生区域性系统性风险的底线。要树立"一盘棋"思想，上下联动形成合力，及时研究 解决难点堵点，确保试点工作出真招、见实效，努力形成更多标志性、制度性试点成果。 8月28日，全省财政科学管理试点推进会议召开，深入学习贯彻习近平总书记关于财政工作的重要 论述，认真落实国家有关 ...

Core Viewpoint - Jiangsu Province's fiscal performance in the first seven months of 2025 shows a slight increase in both revenue and expenditure, indicating a focus on enhancing fiscal management and supporting economic development [1]. Fiscal Performance - General public budget revenue reached 680.139 billion yuan, a year-on-year increase of 1.5% [1] - General public budget expenditure totaled 834.365 billion yuan, a year-on-year increase of 2%, achieving 54% of the annual budget, which is 0.5 percentage points faster than the same period in 2024 [1]. Resource Allocation - The province has intensified fiscal resource coordination, prioritizing key areas through zero-based budgeting reforms and optimizing expenditure structures [2]. - Social spending amounted to 649.925 billion yuan, accounting for 77.9% of total public budget expenditure, with significant growth in education (5.5%), social security (6.8%), health (12.5%), and housing security (5.2%) [2]. Investment and Innovation - Special funds of 28.3 billion yuan were allocated for transportation projects, including major rail and waterway construction [2]. - Over 2 billion yuan was allocated to support manufacturing innovation and digital transformation initiatives [2]. Support for Foreign Trade and Employment - The province implemented measures to stabilize foreign trade and employment, including financial support for trade exhibitions and export credit insurance [3]. - A total of 10.032 billion yuan was reduced in unemployment insurance fees to alleviate operational costs for businesses [3]. Market Vitality Initiatives - Jiangsu's fiscal policies have been designed to stimulate market activity, including the provision of interest subsidies and loans to small and micro enterprises [4]. - The province launched consumption promotion policies, distributing 4.79 billion yuan in lottery vouchers to boost consumer spending [4]. Financial Group Formation - The establishment of the Jiangsu National Financial Investment Group aims to enhance the province's financial landscape and strengthen fiscal capacity [5]. Direct Financial Support - A new implementation plan for direct financial support to enterprises has been established, allowing for rapid access to funds without application requirements [6]. Governance and Management Improvements - Jiangsu is advancing fiscal management reforms, including zero-based budgeting and enhanced digital platforms for real-time financial data monitoring [7]. - The province is also working on legislative measures to improve financial supervision and performance evaluation systems [7].

Core Viewpoint - Jiangsu Province's fiscal performance in the first seven months of the year shows a slight increase in both revenue and expenditure, indicating a focus on effective financial management to support economic growth [1] Group 1: Fiscal Performance - The general public budget revenue reached 680.139 billion yuan, a year-on-year increase of 1.5% [1] - The general public budget expenditure totaled 834.365 billion yuan, with a year-on-year growth of 2% and completion of 54% of the annual budget [1] Group 2: Focus on Key Areas - Fiscal resources are being prioritized for key sectors, with 649.925 billion yuan allocated to livelihood expenditures, accounting for 77.9% of total expenditures [2] - Significant growth in key areas: education (5.5%), social security (6.8%), health (12.5%), and housing security (5.2%) [2] - Investment in transportation and water conservancy projects includes 28.3 billion yuan for transportation and 10.245 billion yuan for water conservancy [2] Group 3: Support for Foreign Trade and Employment - Implementation of measures to stabilize foreign trade and employment, including a reduction of 10.032 billion yuan in unemployment insurance fees [3] - Support for foreign trade enterprises through funding for participation in domestic and international exhibitions [3] Group 4: Market Vitality Initiatives - Introduction of innovative fiscal policies to enhance market vitality, including 906 million yuan in interest subsidies to encourage bank loans to enterprises [4] - Launch of consumption promotion policies, including 117.6 million yuan in subsidies for cultural and sports events [4] Group 5: Establishment of Investment Group - Formation of the Jiangsu National Financial Investment Group to enhance the province's financial landscape and support market-oriented investments [5] Group 6: Direct Financial Support - Implementation of a "direct access" policy for fiscal funds, allowing eligible projects to receive funding without application processes [6] Group 7: Scientific Management and Governance - Focus on improving fiscal management through zero-based budgeting reforms and enhanced collaboration between fiscal and tax systems [7] - Development of a digital platform for real-time monitoring and analysis of fiscal data to improve resource allocation [7]

Core Insights - Jiangsu's general public budget revenue from January to July reached 680.14 billion yuan, a year-on-year increase of 1.5%, while expenditures totaled 834.37 billion yuan, up 2% year-on-year, completing 54% of the annual budget [1] Group 1: Fiscal Management and Budget Allocation - Jiangsu has intensified fiscal resource coordination, prioritizing key areas through zero-based budgeting reforms and optimizing expenditure structures to support high-quality development [2] - Social spending accounted for 77.9% of total public budget expenditures, with education, social security, health, and housing support seeing growth rates of 5.5%, 6.8%, 12.5%, and 5.2% respectively [2] - The province allocated 28.3 billion yuan for transportation projects and 10.245 billion yuan for major water conservancy projects, supporting significant infrastructure developments [2] Group 2: Support for Trade and Employment - Jiangsu implemented measures to stabilize foreign trade and employment, providing financial support to foreign trade enterprises and reducing unemployment insurance fees by 10.032 billion yuan from January to July [3] - The province received 11.1 billion yuan in special long-term bonds for equipment upgrades, supporting 292 projects [3] Group 3: Market Activation Policies - The provincial finance department introduced innovative measures to enhance policy supply and service efficiency, stimulating business vitality [4] - By the end of July, 9.06 billion yuan in interest subsidies were disbursed, facilitating loans of 113.2 billion yuan to 4,370 enterprises [4] - The province launched new consumption promotion policies, distributing 4.79 billion yuan in consumer vouchers to boost spending [4] Group 4: Financial Group Establishment - The establishment of the Jiangsu Guojin Investment Group aims to enhance the provincial financial landscape through market-oriented equity investments [5] Group 5: Direct Financial Support Initiatives - Jiangsu developed a "direct access" scheme for fiscal funds, allowing eligible projects to receive financial support without application processes, enhancing efficiency [6] Group 6: Governance and Management Improvements - The province is advancing fiscal scientific management through zero-based budgeting reforms and enhancing fiscal data monitoring and analysis capabilities [7] - Legislative efforts are underway to improve financial supervision and integrate various oversight mechanisms [7]

Group 1 - The meeting emphasized the importance of implementing the spirit of Xi Jinping's recent important speeches, focusing on stabilizing employment, enterprises, markets, and expectations to enhance economic recovery [1] - The meeting discussed the significance of local legislation for the protection and inheritance of Han opera, highlighting the need for systematic protection and innovative development [2] - The meeting called for strengthening fiscal management, optimizing expenditure structure, and enhancing the effectiveness of fund utilization and policy outcomes [2] Group 2 - The meeting underscored the need for sustainable urban renewal models and regulatory frameworks to build a modern, innovative, and resilient city [2] - The meeting highlighted the importance of improving the legal level of petition work to maintain social stability and protect citizens' rights [1]

Economic Performance - Baotou's GDP for the first half of the year reached 232.28 billion yuan, with a year-on-year growth of 7.0%, surpassing national (5.3%) and regional (5.4%) averages by 1.7 and 1.6 percentage points respectively [2] - The GDP composition by industry shows the primary sector at 2.2 billion yuan (4.9% growth), secondary sector at 109 billion yuan (9.6% growth), and tertiary sector at 121.08 billion yuan (4.9% growth), with respective contributions to economic growth of 0.8%, 60.7%, and 38.5% [2] Industrial Growth - The industrial output value in Baotou increased by 12.3% year-on-year, significantly higher than the national (6.4%) and regional (7.1%) averages, marking 58 consecutive months of double-digit growth [3] - Key industries include rare earth, crystalline silicon photovoltaic, steel, and aluminum, with respective growth rates of 16.7%, 14.1%, and 32.6% for rare earth, crystalline silicon photovoltaic, and onshore wind power equipment [3] Investment Trends - Baotou is focusing on wind power and rare earth industries, with wind power investments increasing by 300% year-on-year and rare earth investments growing by 93.4% [4] - The city aims to achieve an economic total of around 500 billion yuan by the end of the year, indicating a significant step towards reaching its historical peak [4] Strategic Transition - Baotou is actively seeking a "second growth curve" by transforming its resource-based economy, leveraging its rich resources and financial strength [5]

Group 1 - The training session for county-level finance directors in Shanxi Province aims to enhance fiscal management capabilities and address various financial issues [1][2] - Key topics discussed include fiscal scientific management, tax system reform, government debt risk prevention, and the importance of adhering to central regulations [1] - The training involves nearly 300 participants, including finance department heads from various counties and cities, and features policy interpretation and case studies [2] Group 2 - The training is structured in two phases: fiscal scientific management and special rectification of basic fiscal management work [2] - The session emphasizes the need for participants to engage in discussions and exchanges to clarify policies and identify problems [1][2] - The training aims to support high-quality development at the county level by improving fiscal management practices [1]

Core Viewpoint - The focus of China's fiscal reform this year is to promote scientific fiscal management, aiming to enhance the systematic, refined, standardized, and rule-of-law levels of fiscal management through pilot programs in provinces like Shandong and Guangdong, ultimately achieving breakthroughs in fiscal governance systems and capabilities [1] Group 1: Fiscal Management Reforms - Shandong's government has released the "Opinions on Promoting Scientific Fiscal Management," which outlines 16 reform measures to be piloted from 2025 to 2026, with a full rollout planned for 2027 [1] - Key reform areas include strengthening fiscal resource and budget coordination, deepening zero-based budgeting reforms, and enhancing local debt management [1][2] - The goal is to improve existing budget management systems and fiscal frameworks to support high-quality provincial development [1] Group 2: Debt Management - Shandong's local government debt is approximately 3.28 trillion yuan, below the limit of about 3.57 trillion yuan, indicating manageable debt risk [2] - The Ministry of Finance allocated 6 trillion yuan in refinancing special bonds to support local debt replacement, with Shandong receiving over 370 billion yuan to help eliminate hidden debts by the end of 2028 [2] - The "Opinions" propose a comprehensive budget management system that integrates various budget types, including government debt budgets, to enhance local debt management [2] Group 3: Budget Optimization - To address fiscal revenue and expenditure imbalances, Shandong plans to optimize spending by implementing zero-based budgeting, which will break the existing rigid fiscal expenditure structure [3] - The reform will involve a thorough review of current expenditure policies, with a maximum execution period of three years for each policy [3] - The linkage of spending budgets to fiscal revenue growth or GDP growth will be reconsidered to improve fiscal flexibility [3] Group 4: Expenditure Control - The "Opinions" emphasize the need for strict management of "three public" expenditures (government spending on official receptions, travel, and vehicle purchases) and propose a dynamic monitoring mechanism for budget execution [4][5] - The aim is to align public expenditure with departmental needs while establishing hard constraints on spending [4] Group 5: Social Welfare Assurance - Ensuring the basic livelihood, salaries, and operational stability of grassroots levels is a critical task in the fiscal management pilot [6] - All counties in Shandong will establish dedicated salary accounts and expand the scope of basic livelihood accounts, with monitoring and emergency liquidity support as needed [6]

Core Viewpoint - The Central Committee of the Communist Party of China emphasizes the need for more proactive macro policies, particularly through an expansionary fiscal policy and moderately loose monetary policy to support economic recovery [1] Fiscal Policy Implementation - The fiscal expenditure scale for 2025 is set to reach 29.7 trillion yuan, an increase of 1.2 trillion yuan from the previous year, indicating a strong expansionary fiscal policy [1] - The fiscal deficit for 2025 is projected to be 5.66 trillion yuan, up by 1.6 trillion yuan, with a deficit rate target of around 4% [1] Government Debt and Financial Support - The new local government special debt limit for 2025 is set at 4.4 trillion yuan, an increase of 500 billion yuan, aimed at providing financial support for local debt management [2] - The issuance of ultra-long special bonds is planned at 1.3 trillion yuan, with 800 billion yuan allocated for major project support and 500 billion yuan for new policy implementation [2] Focus on Social Welfare and Consumption - Over 70% of fiscal spending will be directed towards social welfare, emphasizing the importance of investing in people [3] - Measures to increase disposable income for residents include raising pensions and healthcare subsidies, benefiting over 300 million people [4] Support for Key Sectors - Increased fiscal support for education, technology, green initiatives, and rural revitalization is planned, with a focus on enhancing productivity and sustainable development [5] - Central government science and technology spending is set to increase by 10% to 398.1 billion yuan, with a focus on basic research [5] Fiscal Management and Reform - The need for a scientific fiscal management system is highlighted, with an emphasis on improving efficiency and effectiveness in fund usage [9] - The implementation of zero-based budgeting reforms is encouraged to enhance budget efficiency and resource allocation [7][10] Legal and Standardized Management - Establishing a comprehensive legal framework for fiscal management is essential for modernizing the fiscal system [10] - Standardization in fiscal management practices is necessary to improve efficiency and address common issues [10]