Core Viewpoint - The article discusses the execution of China's fiscal policy in the first half of 2025, highlighting increased investment in people's livelihoods and measures to control local government hidden debts [3][4]. Group 1: Fiscal Policy Implementation - The Ministry of Finance reported a 2% increase in the basic pension level for retirees and a 20 yuan increase in the minimum standard for urban and rural residents' basic pensions [3]. - A total of 1.1 trillion yuan was allocated in subsidies to support timely and sufficient payment of basic pension benefits [3]. Group 2: Control of Hidden Debts - The report indicates effective measures to curb new hidden debts, including prohibiting government expenditures and investment projects not included in the budget [4]. - A lifelong accountability system for government borrowing has been implemented, with strict measures to investigate and hold accountable any new hidden debt or false reporting [4]. Group 3: Tax Reform and Local Revenue - The report emphasizes the acceleration of tax reforms, particularly the adjustment of consumption tax collection to enhance local revenue sources and improve the consumption environment [5]. - The specifics of which tax items will be shifted to local collection and how revenues will be distributed between central and local governments remain to be clarified [5]. Group 4: Future Fiscal Policy Outlook - The report outlines six key tasks for future fiscal policy, including the use of more proactive fiscal measures, support for employment and foreign trade, and improvement of people's livelihoods [5]. - Specific measures include providing subsidies for elderly care services and implementing free preschool education and childcare subsidies [5]. - The Ministry of Finance plans to continue a comprehensive debt management policy while monitoring and addressing new hidden debt behaviors promptly [5].

Core Points - The UAE General Pension and Social Security Authority (GPSSA) plans to distribute a total of 843.2 million dirhams in pensions [1] - The pension beneficiaries include retirees with normal work tenure, those retired due to health reasons, and family members entitled to benefits due to the death of a retiree or insured person [1] - Compared to September 2024, the pension amount has increased by 32.5 million dirhams, rising from 810.7 million dirhams to 843.2 million dirhams [1] - The number of beneficiaries has increased by 933, totaling 49,668, compared to 48,735 in the same period last year [1] - This reflects GPSSA's commitment to providing greater support to the growing number of retirees and beneficiaries [1]