(Two Sessions Express) China plans to stop issuing anti-epidemic special treasury bonds at a deficit rate of 3.2% this year
China News Service, Beijing, March 5th. Chinese Premier Li Keqiang delivered a government work report to the Fourth Session of the 13th National People's Congress on the 5th. He said that considering the effective control of the epidemic and the gradual recovery of the economy, the deficit rate this year is planned to be around 3.2%. , It is lower than last year, and no special treasury bonds will be issued to fight the epidemic.
When talking about the key tasks in 2021, Li Keqiang pointed out that it is necessary to maintain the continuity, stability and sustainability of macroeconomic policies, and promote economic operation within a reasonable range.
Strengthen directional control, camera control, and precise control on the basis of interval control.
Macroeconomic policies must continue to relieve market players, maintain the necessary support, do not make a sharp turn, adjust and improve in time according to changes in the situation, and further consolidate the economic fundamentals.
Li Keqiang said that due to the recovery growth of fiscal revenues, the total scale of fiscal expenditures has increased over last year, and the focus is still to increase support for market players in ensuring employment and people's livelihood.
The central government continued to arrange negative growth in expenditures, and further significantly reduced non-urgently needed non-rigid expenditures. General transfer payments to local governments increased by 7.8%, which was significantly higher than last year. Among them, balanced transfer payments, county-level basic financial guarantee mechanism rewards and supplementary funds The increase rate is more than 10%.
Li Keqiang said that the establishment of a normalized direct fiscal fund and expansion of the scope, the inclusion of 2.8 trillion yuan of central fiscal funds into the direct mechanism, the scale is significantly larger than last year, to provide more timely and powerful financial support for the benefit of the city and county grassroots enterprises and people.
Governments at all levels must conserve resources for the people, insist on living a tight life, ensure that basic people's livelihood expenditures will only increase and not decrease, and help the market players always have green hills and vitality.
Li Keqiang said, optimize and implement tax reduction policies.
The main body of the market needs more help to restore vitality and increase vitality.
Continue to implement systemic tax reduction policies, extend the implementation period of some phased policies such as value-added tax concessions for small-scale taxpayers, implement new structural tax reduction measures, and hedge the impact of some policy adjustments.
Increase the value-added tax threshold for small-scale taxpayers from monthly sales of 100,000 yuan to 150,000 yuan.
On the part of small and micro enterprises and individual industrial and commercial households whose annual taxable income is less than 1 million yuan, on the basis of the current preferential policies, the income tax will be halved.
All localities must implement tax reduction policies in a timely manner to ensure that market players should enjoy them all.
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