On December 31st, Han Wenxiu, deputy director of the Central Finance Office in charge of daily work, pointed out in an article in the People's Daily that in 2025, it is necessary to maintain stable economic growth, maintain overall stability in employment and prices, maintain a basic balance of international payments, and promote the growth of residents' income and economic growth. Implement a more active fiscal policy. Make overall arrangements for various fiscal funds such as revenue and bonds...
On December 24th, the National Financial Work Conference was held in Beijing. The meeting pointed out that in 2025, we should implement a more active fiscal policy, continue to work hard and be more awesome, and play a good policy "combination fist". First, increase the fiscal deficit rate, increase the intensity of expenditure, and speed up the progress of expenditure. Second, arrange larger-scale government bonds to provide more support for stabilizing growth and adjusting the structure. Third...
On December 13, Wang Qing, chief macro analyst of Dongfang Jincheng, said that the counter-cyclical adjustment of fiscal policy is "extraordinary", which may be mainly reflected in a relatively large increase in the deficit rate. It is expected that the deficit rate will be raised from 3% this year to about 4% next year (increasing the fiscal spending capacity equivalent to 1.30 trillion). Under the more active fiscal policy, it is expected that the national general public budget expenditure wil...