After the opening meeting of the Fourth Session of the Thirteenth National People's Congress, the first "Ministerial Channel" interview event was held, and some heads of relevant ministries and commissions of the State Council who attended the meeting were invited to accept interviews via online video.

　　Xinhua News Agency reporter: The government work report pointed out that a proactive fiscal policy should improve quality and efficiency, and be more sustainable.

Minister Liu, how will the fiscal policy in 2021 be implemented?

　　Liu Kun, Minister of Finance: A proactive fiscal policy must improve quality and efficiency, be more sustainable, and be a whole. It embodies the people-centered thinking and the requirements of adhering to the general tone of the work of seeking progress while maintaining stability.

Fiscal revenue is taken from the people and used for the people. Fiscal expenditures must be improved in quality and efficiency, and used appropriately, in response to the needs of the people, so that the people will benefit more and achieve better results.

To achieve this, I understand that it must be implemented from four aspects.

　　The first is to levy in accordance with laws and regulations, and it is strictly forbidden to levy "excessive taxes and fees" to inflate fiscal revenues, and not to violate laws and regulations due to large fiscal revenue and expenditure contradictions, and increase the burden on the masses and enterprises.

　　The second is to improve the efficiency of expenditures. It is necessary to optimize the structure, strengthen management, fast and direct, and improve the efficiency of funds.

　　The third is to prevent extravagance and waste, we must persist in hard work, diligence and thrift, save money for the people, and spend money on the blade.

　　The fourth is to strengthen performance management. Performance management must cover all financial funds, so that money must be effectively spent and accountability for invalidity.

　　Liu Kun: The proactive fiscal policy emphasizes more sustainability and covers a wide range of content. This is reflected in this year's budget arrangement. There are three characteristics:

　　First, the fiscal policy remains basically stable and does not make a sharp turn.

This year’s deficit rate, the local government special bond limit has been lower than last year, but compared with 2019, the total deficit is 3.57 trillion yuan, an increase of 0.81 trillion yuan, and the local government special bond limit has increased by 3.65 trillion yuan. 1.5 trillion yuan.

The central government's fiscal expenditure has experienced negative growth for two consecutive years, and the saved funds are used to increase transfer payments to local governments.

This year’s central government’s transfer payments to local governments have increased slightly from last year, with a scale of over 8.3 trillion yuan.

　　The second is to do a good job of linking up with fiscal policies in the coming years and leave room for it.

In recent years, my country has continued to implement tax cuts and fee reductions, and the ratio of tax revenue to GDP has continued to decline, and it currently stands at 15.2%.

In the world economy, the ratio is the lowest, which reflects the benefit of the enterprise and the people.

We will continue to improve government debt management, maintain the macro-leverage ratio of government departments basically stable, not only maintain the necessary expenditure for economic recovery, but also reserve policy space for future response to risks and challenges.

　　The third is to resolutely resolve hidden fiscal risks, perseverely resolve hidden debt risks of local governments, and resolutely prevent grassroots "three guarantees" expenditure risks, and ensure the steady and sustainable operation of the fiscal economy.

　　(Organized according to the web text live broadcast)