Core Viewpoint - The article emphasizes the importance of proactive fiscal policy in driving economic growth and structural optimization during the 14th Five-Year Plan period, highlighting the need for effective responses to complex changes in the development environment [2]. Group 1: Domestic Demand Expansion - The government aims to fully expand domestic demand and support the construction of a strong domestic market by increasing tax, social security, and transfer payments to boost residents' income and optimize income distribution [3]. - Policies such as fiscal subsidies and loan interest discounts will be utilized to cultivate new consumption growth points and create new consumption scenarios [3]. - The use of special bonds and ultra-long-term special government bonds will be optimized to encourage private capital participation in major project construction, thereby expanding effective investment [3]. Group 2: Technological Independence - The focus will be on supporting high-level technological self-reliance and accelerating the development of new productive forces by increasing investment in technology, particularly in basic and applied research [4]. - The government will enhance the efficiency of technology innovation investments and promote the deep integration of technological and industrial innovation [4]. Group 3: Improving Livelihoods - The government will prioritize employment, support enterprises in maintaining and expanding jobs, and address employment issues for key groups [4]. - There will be efforts to improve education quality, strengthen social security networks, and enhance public health services [4]. Group 4: Urban-Rural Integration - The strategy includes promoting urban-rural integration and expanding modernization development space through diverse investment mechanisms and comprehensive rural revitalization [5]. - Support will be provided for high-standard farmland construction and the implementation of compensation mechanisms for grain production and sales [5]. Group 5: Fiscal Management and Reform - The government will deepen reforms and strengthen supervision to enhance fiscal governance effectiveness, including optimizing tax structures and improving the fiscal relationship between central and local governments [5]. - A focus will be placed on preventing and resolving local government debt risks, with strict measures against the creation of new hidden debts [5].

Core Viewpoint - The article emphasizes the importance of proactive fiscal policy in driving economic growth and structural optimization during the 14th Five-Year Plan period, highlighting the need for effective responses to complex changes in the development environment [1] Group 1: Expansion of Domestic Demand - The government aims to fully expand domestic demand and support the construction of a strong domestic market by increasing residents' income and optimizing income distribution [2] - Policies such as fiscal subsidies and loan interest discounts will be utilized to cultivate new consumption growth points and create new consumption scenarios [2] - The use of special bonds and long-term special government bonds will be optimized to encourage private capital participation in major project construction [2] Group 2: Technological Independence and Innovation - The focus is on supporting high-level technological self-reliance and accelerating the development of new productive forces by increasing investment in technology [3] - The government will enhance the allocation and management of central fiscal science and technology funds to improve the effectiveness of innovation investments [3] - Traditional industries will be optimized while new and future industries are cultivated to promote deep integration of technological and industrial innovation [3] Group 3: Improvement of People's Livelihood - The government prioritizes employment and supports enterprises in stabilizing and expanding jobs, addressing employment issues for key groups [4] - There will be an emphasis on enhancing social security networks and improving public health service systems [4] - Policies will be implemented to optimize the supply of elderly care and childcare services, contributing to overall social welfare [4] Group 4: Urban-Rural Integration and Regional Development - The government will promote urban-rural integration and expand modernization development space by supporting rural revitalization and enhancing agricultural productivity [5] - Investment in rural infrastructure and public services will be prioritized to create livable and workable rural areas [5] - The strategy includes implementing regional coordinated development to optimize economic development space [5] Group 5: Fiscal Management and Debt Risk Prevention - The government aims to enhance fiscal governance effectiveness through reforms and strengthened supervision [6] - A focus on optimizing the tax structure and improving the fiscal relationship between central and local governments will be pursued [6] - Measures will be taken to prevent and resolve local government debt risks, including strict regulations against the creation of new hidden debts [6]

Core Viewpoint - The Sichuan Provincial People's Congress approved the 2024 provincial budget settlement, highlighting a stable financial performance despite complex economic conditions, with a focus on economic recovery and development strategies [2][4][25]. Financial Performance Summary - The total local general public budget revenue for 2024 was 563.6 billion yuan, achieving 97.5% of the budget, with a growth of 1.9% [4]. - Total expenditure reached 1,344.7 billion yuan, completing 90.6% of the budget, with a growth of 5.6% [4]. - Government fund budget revenue was 376.1 billion yuan, achieving 96.2% of the budget, while expenditure was 602.6 billion yuan, completing 88.2% of the budget [4]. - The state-owned capital operation budget revenue was 20.2 billion yuan, exceeding the budget by 42%, with expenditure of 9.1 billion yuan, completing 80.5% of the budget [4]. - Social insurance fund budget revenue was 682.7 billion yuan, achieving 101.5% of the budget, with expenditure of 596.5 billion yuan, completing 99.3% of the budget [4]. Budget Allocation and Expenditure - The provincial general public budget revenue was 97.6 billion yuan, achieving 96.3% of the budget, with a decrease of 1.8% [5]. - Tax revenue was 84.5 billion yuan, achieving 94.4% of the budget, with value-added tax at 43.5 billion yuan, corporate income tax at 20.7 billion yuan, and personal income tax at 6.3 billion yuan [6]. - Social security and employment expenditure was 126.0 billion yuan, completing 99.4% of the budget, while education expenditure was 23.6 billion yuan, completing 90.7% of the budget [6]. Debt Management - The total issuance of local government bonds in 2024 was 507.9 billion yuan, including 253.1 billion yuan of new bonds and 254.8 billion yuan of refinancing bonds [11]. - The provincial debt balance at the end of 2024 was 2,402.9 billion yuan, with general debt at 807.4 billion yuan and special debt at 1,595.5 billion yuan [12]. Economic Development Support - The provincial government allocated 20 billion yuan to support technological breakthroughs and major projects in various industries [14]. - A total of 35.7 billion yuan was allocated to support urbanization and improve living conditions [15]. - Infrastructure projects received 1,542 billion yuan in special bonds to support over 1,800 projects [16]. - 8,839.3 billion yuan was allocated to improve living standards and social welfare [18]. Fiscal Management Reforms - The provincial government implemented measures to enhance fiscal quality, including 33 policy measures to strengthen revenue sources and improve expenditure management [20]. - Budget management reforms were initiated to improve the efficiency and effectiveness of budget preparation and execution [21]. - A focus on performance management was established to ensure funds are allocated to high-efficiency areas [22].