Fiscal "real money" supports resumption of work and production

Fiscal "real money" supports resumption of work and production

[Reinsurance to the epidemic resilience these two industries to do so]

From 00:00 on March 1, 2020 to 24:00 on June 30, the ship ’s oil pollution damage compensation fund will be halved, and port construction fees will be exempted for foreign and imported goods ... Recently, the Ministry of Finance and the Ministry of Transport An announcement was issued to further promote the resumption of production and production of enterprises, and to promote the stable development of foreign trade.

The act of sending real money like this has become the normal operation of the financial department after the new crown pneumonia epidemic. Whether it is epidemic prevention and control or supporting the resumption of production in the industry, the finances show an important force that cannot be underestimated. On the one hand, the financial department continues to increase capital investment and strengthen the protection of epidemic prevention funds to ensure that the people are not worried about costs. Don't dare to go to the clinic to ensure that medical treatment and epidemic prevention and control are not affected by funding problems in other places; on the other hand, a series of tax reduction and fee reduction policies have been introduced to help enterprises to solve their difficulties and help resume work and production. Promote economic and social development with two hands.

In order to effectively protect the funds for prevention and control, the funds for the prevention and control of the epidemic situation at all levels have already exceeded 110 billion yuan as early as March 4. Patients' medical expenses are guaranteed, expenditures for purchasing medical equipment and protective materials, and improving the conditions of medical and health institutions are intensified. Medical and epidemic prevention workers participating in front-line epidemic prevention and control receive temporary work subsidies, which guarantees the need for epidemic prevention and control. In addition, income from transportation of key materials for epidemic prevention and control is exempt from value-added tax, and imported materials donated for epidemic prevention and control are exempted from import duties and import value-added tax, increasing the scale of fiscal discount funds and reducing the actual financing of key material production enterprises. cost……

While safeguarding the need for funds for epidemic prevention and control and supporting the supply of key materials, the financial department actively played a regulatory role, accurately implemented policies, supported resumption of production and work, and hedged against the negative impact of the epidemic on the stable operation of the economy. Adjust the corporate income tax policy for transportation, catering, accommodation, tourism and other industries that have been affected by the epidemic, and support it in a timely manner; exempt VAT for industries such as public transportation, living services, and express delivery that are closely related to the people's life Measures to reduce the burden on enterprises in a targeted manner; in conjunction with relevant departments, a phased reduction of corporate social insurance premiums, medical insurance premiums and the implementation of deferred payment of housing provident funds, including inclusive policies, is expected to reduce the burden on enterprises by more than 500 billion yuan. Through various channels such as job security return, job training subsidies, etc., efforts have been made to help enterprises stabilize their jobs. For the small and micro enterprises and individuals affected by the epidemic, policies have been introduced to reduce financing guarantee fees and other policies, focusing on alleviating the financing difficulties and expensive financing of small and micro enterprises, so that enterprises can increase confidence and overcome difficulties in the financial support of real gold and silver.

In order to effectively deal with the impact of the epidemic, the Ministry of Finance recently strengthened the "three guarantees" work of local finances, and better supported grassroots governments in guaranteeing basic livelihoods, wages and operations. Increasing the retention ratio of local fiscal funds in stages, accelerating the transfer of budgets for transfer payments, strengthening local basic livelihood security capabilities, and strengthening protection for the needy. Effectively increase the adjustment of fiscal expenditure structure, further reduce general expenditures, and firmly hold the bottom line of the "three guarantees" risk.

"The Ministry of Finance will continue to make overall plans for epidemic prevention and control and economic and social development, and proactive fiscal policies should be more proactive. In accordance with the macroeconomic policy orientation determined by the Party Central Committee, study and introduce long-term measures consistent with the direction of supply-side structural reforms. Promote high-quality economic development, ensure the completion of economic and social development goals and tasks throughout the year, and ensure the comprehensive completion of a well-off society and the successful completion of the "Thirteenth Five-Year Plan." Said Xu Hongcai, Deputy Minister of Finance.

(Reporter Chen Chen)