The Ministry of Finance issues "red envelopes", these groups will benefit →
Since the beginning of this year, due to the impact of the epidemic, tax cuts and fee reductions, the national general public budget revenue fell by 10.8% year-on-year in the first half of the year. How to protect various livelihood expenditures? How will fiscal policy be exerted this year? How do small, medium and micro enterprises develop? Recently, Minister of Finance Liu Kun answered relevant questions in an exclusive interview with CCTV News "On Relativity"↓
Issuing 1 trillion yuan in anti-epidemic special treasury bonds
All released at the end of July
In order to cope with the impact of the epidemic, fiscal policy has been "additive": the issuance of 1 trillion yuan of special national debt to fight the epidemic, focusing on supporting local infrastructure construction and epidemic prevention and control. Minister of Finance Liu Kun said in an interview with a reporter from the Central Station that the 1 trillion yuan anti-epidemic special treasury bond has been issued at the end of July.
In terms of the use of funds, at present, after deducting the part retained by the provincial government, part of the anti-epidemic special national debt funds have been distributed to the city and county grassroots. As of July 20, 428.8 billion yuan in the anti-epidemic special treasury bond funds has been implemented into 15,204 projects, mainly for infrastructure construction and anti-epidemic related expenditures.
Distribution policy "red envelope"
Tax and fee reduction policies continue to be introduced, and the annual scale is expected to exceed 2.5 trillion yuan
The Minister of Finance Liu Kun said that in the case of prominent fiscal revenue and expenditure contradictions, fiscal policy "subtraction" has not stopped. A series of tax and fee reduction policies continue to be introduced. It is estimated that the scale of new tax and fee reductions throughout the year will exceed 2.5 trillion yuan. Water and fish farming will help market players to relieve their development.
Focus on supporting the relief and development of small, medium and micro enterprises
Liu Kun said that in the second half of the year, the Ministry of Finance will also make efforts to protect market players, focusing on supporting the relief and development of small, medium and micro enterprises and industries that have been hit harder by the epidemic.
Regarding the situation of small and micro enterprises, Liu Shangxi, the president of the Chinese Academy of Fiscal Sciences, also explained: The state has issued various policies for small and micro enterprises in terms of finance, finance, and credit. At the same time, the self-rescue ability, experience ability, and management level of small and micro enterprises are also very important. Entrepreneurs should fully understand the knowledge related to operation and management to improve their own level. The enhancement of small and micro enterprises' own capabilities and the support of national policies must form a synergy, so that more small and micro enterprises will survive and develop better.
In the second half of this year, the financial department will also provide key support in ensuring employment, basic people’s livelihood, market players, food security, industrial chain supply chain stability, and grassroots operations, and strive to achieve a reasonable growth in economic development. The quality of peace has been steadily improved.
CCTV reporter / Sun Yan Zhuang Shengchun