Core Viewpoint - The overall fiscal situation in China for the first half of the year shows a stable trend, with a slight decline in revenue but an increase in expenditure, reflecting the implementation of a more proactive fiscal policy to support economic recovery and social welfare [1][2]. Fiscal Revenue and Expenditure - National general public budget revenue reached 11.5566 trillion yuan, a year-on-year decrease of 0.3%, with the decline narrowing by 0.8 percentage points compared to the first quarter [1]. - National general public budget expenditure was 14.13 trillion yuan, representing a year-on-year increase of 3.4% [1]. Proactive Fiscal Policy - The government continues to implement a more proactive fiscal policy, focusing on accelerating budget approvals and ensuring timely fund allocation [2][4]. - By the end of June, the central government had allocated 9.29 trillion yuan in transfer payments to local governments, accounting for 89.8% of the annual budget, which is an increase of 1.7 percentage points from the previous year [4]. Support for Key Projects - In the first half of the year, 2.6 trillion yuan in new local government bonds were issued to support major projects in key areas [6]. - Special government bonds totaling 500 billion yuan were issued to enhance the core tier-one capital of four major state-owned commercial banks, improving their ability to serve the real economy [6]. Social Welfare and Basic Livelihood - The proactive fiscal policy has supported the enhancement of basic pension guarantees, ensuring timely and full payment of pensions [8]. - Increased funding for basic public health services and urban-rural resident medical insurance has been implemented, along with policies to improve educational resources and support for childcare [8]. Consumer Spending and Employment - A total of 162 billion yuan in special long-term bonds has been allocated to promote consumer spending through trade-in subsidies and to enhance consumer capacity and willingness [10]. - The government has extended unemployment insurance and increased funding for employment support, with 66.74 billion yuan allocated for employment subsidies [12]. Healthcare and Elderly Care - Basic public health service funding per capita has increased to 99 yuan per year, while urban and rural resident medical insurance funding has risen to 700 yuan per year [14]. - Initiatives to enhance elderly care services and establish a childcare subsidy system are underway to reduce family costs associated with child-rearing [16]. Support for Vulnerable Groups - The central government has allocated 156.68 billion yuan for assistance to vulnerable groups, ensuring basic living standards and support for those in need [18]. - Future plans include increasing investment in social welfare to enhance the quality of life for citizens and strengthen the social safety net [20].