Core Insights - The report indicates that fiscal policy has become more proactive this year, with overall budget execution and fiscal operations remaining stable [1][2] Fiscal Revenue and Expenditure - From January to July, the national general public budget revenue reached 135,839 billion yuan, showing a year-on-year growth of 0.1% [1] - During the same period, national general public budget expenditure was 160,737 billion yuan, reflecting a year-on-year increase of 3.4% [1] Implementation of Fiscal Policies - The government has implemented more proactive fiscal policies, including measures to boost consumption, such as personal consumption loans and subsidies for elderly care services [1][2] - The scope of subsidies has been expanded to include the scrapping and updating of automobiles and the replacement of household appliances, as well as digital products like mobile phones [1] Future Fiscal Policy Directions - The report outlines plans to enhance the execution of fiscal policies, focusing on accelerating budget execution, improving fund utilization efficiency, and ensuring fund security [3] - Key future initiatives include supporting employment and foreign trade, fostering new growth drivers, and enhancing fiscal governance effectiveness [3]