(Two Sessions Express) China will enhance fiscal sustainability in 2022: it is not good to have high ambitions and increase appetite

　　China News Agency, Beijing, March 5th. The draft 2022 central and local budgets were submitted to the Fifth Session of the Thirteenth National People's Congress for review on the 5th.

The draft proposes that to enhance fiscal sustainability, "it is not good to have high ambitions and increase appetite."

　　The draft states that, in general, the fiscal revenue and expenditure situation in 2022 is still severe. It is necessary to strengthen the overall planning of financial resources, maintain pressure, focus on key points, do our best, do our best, prepare a scientific and rational budget, and effectively guarantee the decision-making of the Party Central Committee and the State Council. Deployment implementation.

　　The draft proposes that the proactive fiscal policy in 2022 should improve its efficiency and pay more attention to precision and sustainability.

　　——To improve the efficiency of policies, in accordance with the requirements of stable and effective macro policies, 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.

　　——To implement precise requirements, focus on the high-quality development of the manufacturing industry, focus on reducing the burden and relief of small and medium-sized enterprises, focus on technological innovation, implement new tax and fee reductions, and vigorously improve the VAT refund system; further optimize the fiscal expenditure structure and implement To live a tight life, we should strengthen the guarantee of basic people's livelihood, the guarantee of key areas, and the financial guarantee of local governments, especially the grassroots.

　　——To enhance sustainability, coordinate needs and possible arrangements for fiscal expenditure, insist on ensuring and improving people's livelihood in the process of development, and do not overestimate and increase appetite; appropriately reduce the deficit ratio, rationally arrange the scale of debt, and effectively prevent and defuse risks.

　　Specifically, the draft emphasizes that the key points should be grasped in six aspects: first, to increase the intensity of burden reduction and relief, and to enhance the vitality of market entities; second, to maintain an appropriate expenditure intensity and optimize the structure of fiscal expenditure; third, to rationally arrange special bonds for local governments to ensure key points Project construction; Fourth, promote financial resources to sink, support grassroots to do a good job of "three guarantees"; Fifth, insist that the party and government organs live a tight life, build a conservation-oriented organization, and a conservation-oriented society; Sixth, strict financial discipline, resolutely prohibit illegal use of financial funds , tax evasion, financial fraud, etc.

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