China News Service, February 25. According to the Ministry of Finance website, on the 24th, Liu Kun, Secretary of the Party Leadership Group and Minister of the Ministry of Finance, hosted a meeting of the Party Leadership Group of the Ministry. The meeting pointed out that it is necessary to grasp the implementation of policies such as fiscal interest discounts, large-scale fee reductions, and deferred tax payments, so as to ensure effective implementation as soon as possible. Continue to study and introduce phased and targeted tax and fee reduction policies, and focus on supporting the resumption of production and production in some industries to help small and medium-sized enterprises to overcome difficulties.
Data map: Ministry of Finance. Photo by Kang Yafeng, China News Agency Photo Credit: CNSPHOTO
The meeting demanded that the financial departments should make every effort to ensure the funds for the prevention and control of the epidemic and to support policies in accordance with the general requirements of firm confidence, mutual help, scientific control, and precise policy implementation.
First, we must continue to increase funding for epidemic prevention and control. Financial departments at all levels must make a comprehensive plan for funding, prioritize the protection and allocation of funds for epidemic prevention and control, effectively protect the demand for grassroots epidemic prevention and control expenditures, ensure that the people do not dare to consult doctors because of concerns about costs, and ensure that localities are not affected by funding Medical treatment and epidemic prevention and control.
The second is to implement the policies of fiscal discounted interest rates, large-scale fee reductions, tax deferral, and other policies to ensure effective implementation as soon as possible. Continue to study and introduce phased and targeted tax and fee reduction policies, and focus on supporting the resumption of production and production in some industries to help small and medium-sized enterprises to overcome difficulties.
The third is to analyze the impact of the epidemic on economic operation and fiscal revenue and expenditure, increase the counter-cyclical adjustment of macroeconomic policies, and make proactive fiscal policies more active and promising. We will make overall plans to centralize financial funds and make overall plans for epidemic prevention and control and guarantee key expenditures.
It was clear at the meeting that efforts should be made to increase transfer payments and further tilt the areas affected by the epidemic to ensure that wages, operations and basic livelihood are guaranteed at the grassroots level. Expand the issuance of special bonds by local governments, and guide local governments to make good project reserves and preliminary preparations in accordance with the principle of “funds go with projects,” and form effective investments as soon as possible.