What will be the focus of fiscal policy next year?Eight aspects of work focus on high quality develo

Mondo Culture Updated on 2024-01-30

The reporter learned from the Ministry of Finance that since 2023, in the face of a severe and complex situation, China's proactive fiscal policy has been implemented in a multi-pronged manner, which has effectively promoted the economic rebound.

Minister of Finance Lan Foan said that in 2023, China will increase the intensity of fiscal policy adjustment and play a good policy "combination punch". Improve tax support policies and reduce the tax burden on business entities. Manage and make good use of special bond funds to promote the construction of a number of major projects such as transportation, water conservancy, and energy that benefit the present and the long-term. Increase transfer payments to local governments to ensure the smooth operation of grassroots finances.

At the same time, we will strengthen investment guarantee in key areas, promote the high-quality development of the manufacturing industry, vigorously support scientific and technological innovation, promote the comprehensive revitalization of rural areas, promote regional coordinated development, and help improve the quality of economic development.

Minister of Finance Lan Fo'an:We have strengthened the protection of people's livelihood, fully supported flood prevention and disaster relief, and issued an additional 1 trillion yuan of national bonds, which will be earmarked to support post-disaster recovery and reconstruction and improve disaster prevention, mitigation and relief capabilities. We will increase support for the development of education, support the development of health undertakings, improve the level of social security, strengthen the governance of ecological and environmental protection, and earnestly do a good job in people's livelihood.

Lan Foan said that in 2023, the financial department will adhere to the stock to curb the increase, promote the formulation of a package of debt plans, and solidly promote the resolution of local ** debts. In order to strengthen financial and accounting supervision, this year also carried out special actions for financial and accounting supervision, special actions for budget implementation supervision and special rectification actions for key livelihood funds, and the integrated budget management system has achieved full coverage.

Next year, the proactive fiscal policy will be moderately strengthened to improve quality and efficiency

In 2024, China will continue to implement a proactive fiscal policy, and the key words of the proactive fiscal policy will also change from "afterburner and efficiency" in 2023 to "moderate afterburner, quality and efficiency" in 2024.

Minister of Finance Lan Fo'an:In terms of moderate afterburner, the main thing is to maintain an appropriate expenditure intensity, release positive signals, reasonably arrange the scale of investment, give full play to the amplification effect, increase the balanced transfer payment, firmly adhere to the bottom line of the "three guarantees" at the grassroots level, optimize and adjust the tax and fee policies, and improve the accuracy and pertinence.

In response to "improving quality and efficiency", Lan Foan said that the active fiscal policy will work hard in six aspects.

Minister of Finance Lan Fo'an:In terms of improving quality and efficiency, we should mainly work hard to implement the requirements of living a tight life, to optimize the structure of fiscal expenditure, to strengthen performance management, to strictly enforce financial and economic discipline, to enhance fiscal sustainability, and to strengthen policy coordination, so as to promote the legalization, scientificization, standardization, and standardization of financial management, and to spend the same money to achieve greater results.

Next year, eight aspects of work will focus on high-quality development

In the new year, China will continue to implement a proactive fiscal policy. Specifically, what areas will the focus be on?Economic and social development, improvement of people's livelihood and well-being, etc., are listed on the 2024 fiscal key work list.

According to reports, the proactive fiscal policy in 2024 should focus on high-quality development and strive to promote Chinese-style modernization. Focus on doing a good job in eight aspects.

The first is to support the acceleration of the construction of a modern industrial system. Promote the optimization and upgrading of the industrial structure, increase the support for industrial scientific and technological innovation, and support the enhancement of enterprise competitiveness.

The second is to support the expansion of domestic demand. Promote the construction of a unified national market, promote the steady growth of consumption, strengthen the management of the use of special bond funds, continue to make good use of the additional treasury bond funds, consolidate the basic market of foreign trade and foreign investment, and support the enhancement of the main driving force of domestic demand.

In terms of supporting the in-depth implementation of the strategy of rejuvenating the country through science and education, we will improve the level of funding for compulsory education, increase inclusive preschool education resources through multiple channels, support the improvement of the basic conditions for running ordinary high schools at the county level, and promote the construction of a high-quality education system.

Minister of Finance Lan Fo'an:We will fully support the fight to win the battle of key core technologies, ensure the funding needs of major national science and technology projects, deepen the reform of the mechanism for the allocation and use of financial science and technology funds, and promote high-level science and technology self-reliance and self-reliance.

In terms of supporting, guaranteeing and improving people's livelihood, we will implement the policy of giving priority to employment, and support enterprises to stabilize and expand their jobs and start businesses and employment for individuals through multiple channels. Improve the medical and health security system, and strive to reduce the burden of the people seeking medical treatment. Improve the social security system, and thoroughly implement the national overall system of pension insurance.

In terms of supporting the "three rural" areas, we will improve the investment standards for high-standard farmland construction, ensure the income of farmers from growing grain, improve the incentive policies for large grain-producing counties, and improve the ability to guarantee food security. Strengthen industrial and employment support, and earnestly consolidate and expand the achievements of poverty alleviation.

In terms of supporting and promoting urban-rural integration and coordinated regional development, we will improve the institutional mechanisms for promoting urban-rural integrated development and promote the construction of new urbanization. We will further improve fiscal and taxation policies that support major regional strategies such as the comprehensive revitalization of Northeast China, the coordinated development of Beijing-Tianjin-Hebei, and the construction of the Xiong'an New Area, and promote coordinated regional development.

In terms of supporting and strengthening the construction of ecological civilization, we will intensify the protection of the ecological environment and fully support the battle of the Three-North Project. Implement and improve relevant fiscal and taxation policies, and steadily promote carbon peak and carbon neutrality.

Minister of Finance Lan Fo'an:Support the expansion of high-level opening-up. We will promote the reform and improvement of global economic governance, support the construction of a new system of a higher-level open economy, and promote high-quality Belt and Road cooperation.

**: CCTV news client

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