Sino-Singapore Jingwei, January 5th (Dong Xiangyi) At the end of the year and the beginning of the year, many ministries and commissions held a working meeting to reveal the key points of policy implementation in 2023, and the heads of the Ministry of Finance and others spoke out that a series of policies related to people's livelihood, housing, finance, education and other fields will be implemented. Affect your "pocket".
Continuously improve people's livelihood and well-being
"Use every penny for the key to the national economy and the people's livelihood," Minister of Finance Liu Kun said a few days ago. In 2023, the contradiction between fiscal revenue and expenditure will still be prominent, but the expenditure on people's livelihood will not regress, and will maintain an appropriate expenditure intensity and continue to increase. People's livelihood and well-being.
Specifically, this year's people's livelihood expenditures focus on education, medical care, social security, ecology, "three guarantees", etc., which are closely related to our lives.
In terms of education, continue to increase the scale of transfer payments for local education, and study and improve the guarantee mechanism for compulsory education funds; in terms of medical care, ensure the funds needed for epidemic prevention and control, and appropriately increase the financial subsidy standard for residents' medical insurance; in terms of social security, actively promote multi-level and multi-pillar Construction of pension insurance system.
Wen Bin, Chief Economist of Minsheng Bank, believes that with the continuous optimization of epidemic prevention and control policies and the economic recovery, there is a basis for fiscal revenue increase, coupled with the fact that certain state-owned financial institutions and franchised institutions have turned over their accumulated profits in recent years according to law, the scale of expenditure will continue to expand, and the expenditure will continue to expand. China's spending on epidemic prevention and control will decrease, while spending on "three guarantees" and infrastructure will increase.
Cure wage arrears and strengthen protection for migrant workers
On January 3, the Ministry of Human Resources and Social Security held a video conference to further promote the eradication of wage arrears, requiring multiple measures to promote the settlement of wage arrears for migrant workers, and coordinate and properly solve the problem of wage arrears for enterprises in difficult industries; strengthen the protection of migrant workers in difficulties Guarantee, make good use of relevant reserve funds and policies; make good use of joint punishment methods for dishonesty, and severely punish malicious illegal wage arrears.
Affected by various factors since the beginning of this year, the problem of wage arrears has rebounded significantly, and the work of eradicating wage arrears for migrant workers is facing a more complicated situation.
Su Hainan, a special researcher at the China Labor Association, told Sino-Singapore Jingwei that the first thing to do to rectify wage arrears is to stabilize people's hearts and migrant workers.
Secondly, in the specific situation of economic difficulties, through the recovery of wage arrears, various enterprises with wage arrears problems or phenomena can better fulfill their social responsibilities and manage enterprises in accordance with laws and regulations.
Finally, doing a good job in arrears of wages will also play a role in promoting economic recovery in 2023.
In Su Hainan's view, some large enterprises within the system, especially some construction enterprises, must pay their laborers what they should pay.
Micro, small and medium-sized enterprises may need to accurately and properly handle enterprise-employer relations based on the actual situation, correctly determine wage arrears, and pursue payment.
Guarantee rigid housing needs
The Central Economic Work Conference proposed that policies should be implemented according to the city to support rigid and improved housing needs, solve the housing problems of new citizens and young people, and explore the construction of the long-term rental housing market.
The People's Bank of China's Monetary Policy Committee's regular meeting in the fourth quarter of 2022 proposed that city-specific policies should be implemented to support rigid and improved housing needs, provide housing financial services for new citizens and young people, safeguard the legitimate rights and interests of housing consumers, and ensure the stable development of the real estate market.
"The country regards new citizens and young people as the new force to support the stable development of housing in the future, which means that it is difficult to maintain the demand for housing in the past, and it is necessary to find new and sustainable forces in the property market." Housing Policy Research Center of Guangdong Urban Planning Institute Chief researcher Li Yujia mentioned in an interview with Sino-Singapore Jingwei that the housing ownership rate of new citizens and young people in the Pearl River Delta is only about 50%.
Focusing on new citizens means renting and purchasing simultaneously, and vigorously develops rent-guaranteed housing instead of the original commercial housing, especially high-priced commercial housing.
According to the data from the China Index Research Institute, the price of new houses in China's 100 cities will drop by 0.02% in 2022, which is the first time that house prices have fallen in eight years.
How much impact will the housing credit support and loosening of property market policies have on the housing price situation this year?
Yan Yuejin, Director of the Think Tank Center of E-House Research Institute, told Sino-Singapore Jingwei that the policy tone of ensuring the housing needs of new citizens on the demand side will have a positive effect on the real estate market in 2023.
The reduction of credit costs and the increase of credit lines will first affect the market transaction volume and help to further promote the real estate market.
The overall housing price can remain stable, mainly due to the protection of the demand side.
Improve preferential tax policies
In recent years, a series of tax and fee reduction policies have been implemented, which have effectively improved the expectations of market players.
In particular, in 2022, a large-scale value-added tax refund will be implemented, and the annual new tax cuts and fee reductions and tax refunds and tax deferrals will exceed 4 trillion yuan to help companies tide over the difficulties.
The National Fiscal Work Video Conference made it clear that the proactive fiscal policy in 2023 should be stepped up to improve efficiency, and the role of proactive fiscal policy should be played more directly and effectively.
Improve the tax and fee support policy, according to the actual situation, the continuation of the continuation, the optimization of the optimization, and strive to alleviate the difficulties of enterprises.
In this regard, Zhao Wei, chief economist of Sinolink Securities, said in an interview with Sino-Singapore Jingwei that tax cuts and fee reductions will continue in 2023, but the scale may be lower than the 37,000 tax cuts and fee reductions and tax refunds and tax deferrals in 2022. , mainly due to the fact that in 2022, the amount of tax rebates exceeded expectations, reaching 2.3 trillion yuan.
Zhao Wei believes that the direction of tax reduction and fee reduction in 2023 may focus on two aspects. One is to protect market players and promote employment, and to reduce and defer taxes for small, medium and micro enterprises, entrepreneurship and employment, and the other is to promote investment and industrial upgrading and transformation. , Preferential policies for investment and R&D taxation of manufacturing enterprises and technology-based enterprises.
Wen Bin predicts that in 2023, the burden on enterprises and residents will be reduced by about 3 trillion yuan, which is 500 billion yuan higher than the previous year's budget setting value, but 1 trillion yuan less than the actual implementation value of the previous year. After the large-scale stock value-added tax refund is implemented, the space for incremental tax refunds in 2023 will be very limited, the tax and fee reduction efforts at the corporate end will be reduced, and the support at the residential end will be greater.
(Sino-Singapore Jingwei APP)
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