PANews reported on December 14 that according to Jinshi, Lan Fuan, Secretary of the Party Committee and Minister of the Ministry of Finance, presided over a meeting of the Party Committee. The meeting pointed out that in accordance with the arrangements of the Central Economic Work Conference, a more proactive fiscal policy should be implemented next year to ensure that the fiscal policy continues to be effective and more powerful. This is a major decision and deployment made by the Party Central Committee from a strategic and overall perspective, assessing the situation and making comprehensive considerations. It not only anchors the goals and tasks of high-quality development, but also fully considers the opportunities and challenges currently faced; it not only strengthens extraordinary counter-cyclical adjustments, but also improves the forward-looking, targeted and effective nature of macroeconomic regulation. The financial department should accurately grasp the overall requirements and policy orientation of economic and fiscal work next year and increase the fiscal deficit ratio. It is necessary to increase the issuance of ultra-long-term special treasury bonds, continue to support "two heavy" projects, and increase the scope of implementing "two new" policies. It is necessary to increase the issuance and use of local government special bonds, expand the investment areas and the scope of project capital.
Ministry of Finance: A more proactive fiscal policy will be implemented next year to ensure that the fiscal policy continues to be effective and more powerful
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