"Taking into account the effective control over the epidemic situation and the gradual economic recovery this year, the budget deficit is planned at about 3.2% of GDP, which is slightly lower than last year, while it is planned to cancel the issue of special government bonds to finance the fight against the epidemic," - quotes the TASS report.
It is noted that budget funds will continue to be mainly directed to increasing support for employment, maintaining the basic level of well-being of the population and providing assistance to market participants.
It is specified that "non-urgent and optional expenses" will also be significantly reduced.
Earlier, Chinese President Xi Jinping said that China has won a complete victory in the fight against poverty: over the past eight years, almost 100 million people have been able to rise above the poverty line.