记者 辛圆 财政部部长蓝佛安在周五国新办举行的"高质量完成'十四五'规划"系列主题新闻发布会上介绍，"十四五"以来，财政政策力度更加给力。赤字率从2.7%提高 到3.8%，今年进一步提高到4%；安排新增地方政府专项债券额度19.4万亿元；新增减税降费及退税返税超10万亿元。 蓝佛安表示，财政政策统筹考虑防风险和促发展，始终留有后手，未来财政政策发力空间依然充足。 他进一步指出，一是我国经济长期向好的趋势没有变，这决定了财政运行的基本盘始终是坚实稳固的。二是这些年我们积累了越来越多的宏观调控经验，政 策工具不断丰富，跨周期调节能力大大增强。三是随着重点领域风险防范制度机制进一步健全，以及存量风险逐步消化，财政应对未来挑战更有底气、更加 从容。 8月12日，财政部等多部门发布了《个人消费贷款财政贴息政策实施方案》和《服务业经营主体贷款贴息政策实施方案》，这是中央财政首次对个人消费贷 款进行贴息，两项贴息政策贴息比例为1个百分点，降低相关居民消费和服务业经营主体的信贷成本，从而激发消费潜力稳经济。 报告在部署接下来重点工作时提到，要全力支持稳就业稳外贸；要加快培育壮大发展新动能；进一步保障和改善民生；持续用力防范化 ...

新华社北京9月10日电 题：透过预算执行报告，看财政政策如何更加积极？ 受国务院委托，财政部部长蓝佛安10日向十四届全国人大常委会第十七次会议报告了今年以来预算执行 情况。根据报告，今年以来，财政政策更加积极、接续发力，预算执行和财政运行总体平稳。 财政收入方面，报告显示，今年1至7月，全国一般公共预算收入135839亿元，同比增长0.1%。财政支 出方面，各级财政部门加强预算执行，保持必要支出强度，重点领域支出得到较好保障；1至7月，全国 一般公共预算支出160737亿元，同比增长3.4%。 在落实好去年出台的一批财政政策的基础上，今年我国实施更加积极的财政政策，持续用力、更加给 力。具体落实情况如何？ 综合运用财税政策工具，支持实施提振消费专项行动，出台实施个人消费贷款和服务业经营主体贷款贴 息政策、失能老年人养老服务消费补贴政策等；扩大汽车报废更新、家电产品以旧换新补贴范围，将手 机等数码产品纳入补贴；超长期特别国债比去年提前1个月启动发行，截至7月末已发行7610亿元，有力 支持"两重"项目建设和"两新"工作……来自报告的一组举措，彰显更加积极的财政政策靠前实施、发力 显效。 与此同时，今年以来，财政 ...

Core Viewpoint - The report emphasizes the need for a more proactive fiscal policy to stimulate economic growth and improve budget execution efficiency [1][2]. Fiscal Policy and Spending - In the first seven months of the year, the broad fiscal expenditure reached approximately 21.5 trillion yuan, reflecting a year-on-year growth of about 9.3%, significantly outpacing the fiscal revenue growth of around 0% [2]. - The acceleration of budget execution is aimed at increasing investments in areas such as livelihood, technology, and major projects to stimulate overall economic demand [2]. Government Debt and Financing - The net financing of government bonds in the first seven months amounted to 8.9 trillion yuan, an increase of 4.88 trillion yuan year-on-year [3]. - The issuance of new special bonds by local governments reached approximately 3.3 trillion yuan in the first eight months, marking a year-on-year increase of 27%, which constitutes about 75% of the planned annual issuance [3]. Consumer and Service Sector Support - The government plans to implement policies to boost consumption, including personal consumption loan interest subsidies and service industry loan interest subsidies, with a subsidy rate of 1 percentage point [3]. - These policies aim to lower the credit costs for residents and service industry operators, thereby stimulating consumption potential [3]. Future Fiscal Focus Areas - The report outlines key fiscal priorities, including supporting employment and foreign trade, fostering new growth drivers, improving livelihood, managing risks in key areas, and enhancing fiscal governance [4].

Group 1: Policy Implementation and Financial Support - The State Council has allocated 690 billion yuan in special long-term bonds to support local implementation of the old-for-new consumption policy, with funds to be disbursed in October [1][2] - The "Two New" policies have shown significant results in stabilizing investment, expanding consumption, and improving livelihoods, with over 280 million people applying for subsidies, leading to sales exceeding 1.6 trillion yuan [2][4] - The government aims to enhance fiscal and financial support, innovate consumption investment scenarios, and optimize the investment environment to unleash domestic demand potential [4][5] Group 2: Equipment Update and Investment - The 188 billion yuan in special long-term bonds for equipment updates has been fully allocated, supporting approximately 8,400 projects across various sectors, driving total investment over 1 trillion yuan [3] - The procurement of machinery and equipment by enterprises has increased by 7.3% year-on-year, with significant growth in the information transmission and technology service sectors [2][3] Group 3: Sports Industry Development - The development of the sports industry is a key component of the domestic demand expansion strategy, with the sports industry contributing significantly to economic growth, reaching a total scale of 3.67 trillion yuan in 2023 [6][7] - The government plans to stimulate sports consumption by increasing the supply of sports products, enhancing event activities, and encouraging local sports consumption initiatives [6][7] - The sports industry not only drives direct economic growth but also promotes deep integration with manufacturing, services, culture, tourism, and health sectors, fostering new business models and optimizing industrial structure [7]

Group 1 - The core viewpoint of the articles emphasizes the importance of financial policies in boosting consumption through targeted credit support and innovative fiscal measures [1][2][3] - The People's Bank of China has reported that as of the end of June, the national household consumption loan balance reached 21.2 trillion yuan, with 2.8 trillion yuan allocated to key service consumption sectors [1] - Various cities, including Shenzhen and Chongqing, are implementing measures to increase credit support for sectors such as retail, hospitality, and cultural tourism [2] Group 2 - The introduction of personal consumption loan interest subsidy policies is highlighted as a collaborative effort between fiscal and financial policies to stimulate consumption [3] - The Ministry of Finance has allocated 69 billion yuan in special government bond funds to support consumption initiatives, including trade-in programs for consumer goods [3] - Experts suggest that the current Chinese consumption market has significant growth potential, and future financial policies will work in conjunction with other policies to enhance consumer capacity and willingness [4] Group 3 - The People's Bank of China plans to strengthen policy implementation and enhance financial support for consumption, focusing on increasing credit in the service sector [4] - Financial institutions are encouraged to innovate financial products to meet diverse consumer needs and improve access to financial services for new urban residents [4][5] - There is a call for expanding financing channels and increasing financial resource input into service consumption sectors such as dining, hospitality, and entertainment [5]

Group 1 - The core viewpoint of the article is the introduction of two interest subsidy policies aimed at promoting personal consumption and supporting service industry loans [1] - The first policy, the Personal Consumption Loan Interest Subsidy Policy, is designed to encourage consumer spending by providing financial support to individuals taking out personal loans [1] - The second policy, the Service Industry Operating Entity Loan Interest Subsidy Policy, aims to support businesses in the service sector by subsidizing their loan interest, thereby enhancing their operational capacity [1] Group 2 - The policies were detailed during a press conference held by the Ministry of Finance, the Ministry of Commerce, the People's Bank of China, and the Financial Regulatory Bureau [1] - These measures are expected to stimulate economic growth by increasing consumer spending and supporting service industry recovery [1] - The implementation of these policies reflects the government's commitment to bolster economic activity in the wake of recent challenges faced by consumers and businesses [1]

Group 1 - The core issue of the Chinese economy is insufficient consumer demand, which has been a long-standing problem [2][3] - Consumer demand is measured not just by numbers but by its proportion in GDP, with China's consumer spending at 40% compared to 80% in the US and 60-70% in other developing countries [3] - Recent government initiatives to boost consumption include policies for home appliance upgrades and personal consumption loan subsidies [4][8] Group 2 - Income, particularly wage income, is a key determinant of consumption, and tax policies significantly influence disposable income [5] - The improvement of the social security system is crucial for increasing consumption, as it affects savings and consumption rates [5] - The wealth effect plays a significant role in consumer behavior, with declining real estate prices leading to reduced consumption [6] Group 3 - To stimulate consumption, policies should focus on enhancing consumer confidence and balancing savings and consumption rates [7] - Future growth in consumption is expected to come from service sectors such as healthcare, entertainment, and tourism, as physical goods consumption faces overcapacity [7] - The government is prioritizing demand-side subsidies to create a healthy economic cycle, rather than directly subsidizing supply-side production [8]

Core Viewpoint - The recently implemented personal consumption loan interest subsidy policy and service industry loan interest subsidy policy aim to stimulate consumer demand and enhance service supply through financial and fiscal collaboration, marking a significant step in macroeconomic policy adjustment [1][3][4]. Policy Implementation - The personal consumption loan interest subsidy provides a maximum subsidy of 3,000 yuan for individuals and 10,000 yuan for enterprises, with a 1% subsidy rate potentially leading to a 100-fold increase in loan funds for consumer spending [1][4][5]. - The service industry loan interest subsidy targets eight key service sectors, allowing a maximum subsidy of 10,000 yuan per entity, with a similar 1% subsidy rate [9][10]. Financial Institutions' Response - Major banks such as China Bank and Agricultural Bank have committed to implementing these policies starting September 1, 2023, alongside various consumer finance companies [11][12]. - Financial institutions are expected to streamline processes and ensure compliance with market principles while managing risks effectively [13]. Economic Impact - The policies are designed to reduce the financial burden on consumers and service providers, thereby enhancing overall consumption and economic circulation [4][5][9]. - The expected outcome is a synergistic effect where the combined impact of both subsidy policies will significantly boost consumer spending and service supply capabilities [4][9]. Risk Management and Compliance - Financial institutions are required to adhere to strict risk management protocols, ensuring that funds are used appropriately for consumer-related expenditures [6][13]. - The implementation of these policies will be monitored closely, with regular assessments to evaluate their effectiveness and potential adjustments [10][13].

Core Viewpoint - The Chinese government has introduced two subsidy policies for personal consumption loans and service industry loans to stimulate consumption and expand domestic demand, reflecting the government's commitment to enhancing consumer spending [1][2]. Group 1: Policy Details - The two subsidy policies are the "Personal Consumption Loan Subsidy Policy" and the "Service Industry Operating Entity Loan Subsidy Policy," which aim to support consumption and reduce credit costs for residents and businesses [1][2]. - The subsidy for personal consumption loans is set at 1%, which could potentially leverage 100 times the amount in loans for consumer spending [2]. - The subsidy period for both policies is one year, with a focus on various consumer needs, including daily expenses and significant purchases like home appliances and vehicles [2]. Group 2: Economic Impact - The policies are designed to enhance the vitality of the consumption market, particularly in the service sector, by addressing both demand and supply sides [1][3]. - Service consumption in China has significant growth potential, with per capita service consumption expenditure expected to reach 46.1% of total consumption by 2024, contributing 63% to the growth of consumer spending [3][4]. - The policies aim to improve the quality of service supply to meet the diverse and personalized needs of consumers, thereby promoting overall economic stability [5][6]. Group 3: Implementation and Oversight - The policies emphasize broad coverage and low thresholds for access, ensuring that the application process is straightforward and efficient for consumers [6][7]. - Financial institutions are required to adhere to strict regulatory measures to ensure the proper use of subsidy funds and protect consumer rights [7][8]. - The People's Bank of China is guiding financial institutions to enhance the integration of consumption scenarios and improve the attractiveness of consumer financial products [8].

Core Viewpoint - The newly announced loan interest subsidy policies aim to stimulate consumer spending and support service industry operators by providing a 1% annual interest subsidy, with the central government covering 90% of the subsidy costs for one year [1][8]. Group 1: Policy Details - The subsidy policies target loans issued to eight major service sectors and personal consumption loans used for actual consumption [1][5]. - The policies will undergo an evaluation after their expiration to consider extending the duration or expanding the support scope [1][9]. - The subsidy for personal consumption loans is capped at 500 yuan per transaction, with a maximum of 1,000 yuan for multiple transactions under 50,000 yuan, and up to 3,000 yuan for transactions above that amount [4][5]. Group 2: Application Process - The application process for the subsidies is designed to be simple and low-barrier, requiring minimal actions from borrowers [3][6]. - Borrowers do not need to take additional steps to apply for the subsidies; the lending institutions will handle the subsidy application and interest deduction [6][10]. - Financial regulatory bodies will monitor the implementation of the subsidy policies to ensure compliance and effective use of funds [10][12]. Group 3: Economic Impact - The policies are expected to enhance consumer capacity and expand effective supply, particularly in the service sector, which has shown significant growth potential [7][12]. - The service consumption expenditure per capita is projected to reach 46.1% of total consumption expenditure by 2024, contributing 63% to the growth of consumer spending [7]. - The collaboration between fiscal and financial policies is anticipated to create a leveraging effect, potentially increasing the amount of loans directed towards consumer spending [8][12]. Group 4: Future Directions - The People's Bank of China plans to guide increased credit supply in the service consumption sector and optimize consumer financial products and services [13]. - The policies will be aligned with previous macroeconomic measures to further stimulate consumption [12].