China News Agency, Beijing, February 22 (Reporter Zhao Jianhua) China proposed that this year's active fiscal policy should improve efficiency and pay more attention to precision and sustainability.

Chinese Finance Minister Liu Kun explained the connotation on the 22nd.

He repeatedly stressed that spending money (financial funds) must pay off.

  At the press conference held by the State Council Information Office that day, Liu Kun said that to improve efficiency is to coordinate financial resources, strengthen budget preparation, review, expenditure and performance management, promote the organic connection between performance results and budget arrangements, and strengthen coordination with monetary policies. Ensure that macro policies are sound and effective.

Focusing on precision means focusing on the high-quality development of the manufacturing industry, the bailout of small, medium and micro enterprises, and technological innovation, and implementing new and greater tax and fee reductions; the government is too tight, and at the same time, it strengthens financial resources for basic people's livelihood, key areas, and local areas, especially the grassroots. Assure.

To enhance sustainability is to ensure and improve people's livelihood during development. It is not good to be too ambitious and to increase appetite; to properly determine the deficit ratio, scientifically arrange the scale of debt, and effectively prevent and defuse risks.

  From the fourth quarter of last year to January this year, China has successively announced policies to cut taxes and fees.

Liu Kun said that the policy toolbox should be used well this year, and policies should be introduced and implemented as soon as possible.

  ——Implement greater efforts to reduce taxes and fees.

On the basis of last year's 1.1 trillion yuan (RMB, the same below), larger-scale tax and fee reductions will be implemented this year, and market players will have a greater sense of gain.

  ——Maintain an appropriate expenditure intensity, focus on supporting scientific and technological research, ecological and environmental protection, basic people's livelihood, major regional strategies, modern agriculture and major projects in the national "14th Five-Year Plan" plan, improve the accuracy of expenditure, and do not sprinkle "pepper noodles".

  ——Rational arrangement of special bonds for local governments. At the end of last year, 1.46 trillion yuan was issued ahead of schedule. In January, the issuance of 484.4 billion yuan was completed, all of which were used in key areas such as transportation, municipal administration, industrial park infrastructure, and affordable housing projects.

This year, many new projects have been started in various places, and quite a few of them have used special bond funds.

  ——Increase central-local transfer payments.

This year, the scale of transfer payments from the central government to local governments, especially general transfer payments, will increase substantially, and will continue to be tilted toward difficult and underdeveloped areas, so as to secure the bottom line of “three guarantees” at the grassroots level.

  - Persist in living a tight life.

The central government will take the lead and continue to reduce non-key and non-rigid expenditures.

Local finance should also be strictly controlled.

  ——Strict financial discipline, strengthen and improve local financial order, and make financial discipline an untouchable "high-voltage line".

  Liu Kun emphasized that the central government's expenditure has been negative for two consecutive years. This year, it will further reduce non-rigid and non-key expenditure, tighten the money bag, and save the money that can be saved.

Strictly control expenditures for meetings, travel, training, forums, etc., and strictly prohibit the construction and expansion of government buildings and halls, and do not spend any money that should not be spent.

Improve the efficiency of capital use and let the limited money spend the best effect.

(over)

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