(Two Sessions Express) Government Work Report: Seven major measures to stabilize the macroeconomic market
China News Agency, Beijing, March 5th. Chinese Premier Li Keqiang said in his government work report to the Fifth Session of the 13th National People's Congress on the 5th that this year, we will focus on stabilizing the macroeconomic market and keep the economy operating within a reasonable range.
Continue to do a good job of "six stability" and "six guarantees".
There is room and means for macroeconomic policies, and inter- and counter-cyclical adjustments should be strengthened to provide strong support for the smooth operation of the economy.
The first is to enhance the effectiveness of active fiscal policy.
This year's deficit rate is planned to be around 2.8%, which is lower than last year, which is conducive to enhancing fiscal sustainability.
It is expected that fiscal revenue will continue to grow this year. In addition, certain state-owned financial institutions and franchised institutions have turned over the balance of profits in recent years and transferred into the budget stabilization fund, etc., the scale of expenditure has increased by more than 2 trillion yuan (RMB, the same below) compared with last year, and the available financial resources are obvious. Increase.
New financial resources must sink to the grassroots level.
Transfer payments from the central government to local governments increased by about 1.5 trillion yuan, with a scale of nearly 9.8 trillion yuan, an increase of 18%, the largest increase in many years.
The central finance will bring more funds into the direct scope.
The second is to make good use of government investment funds to drive the expansion of effective investment.
This year, 3.65 trillion yuan of local government special bonds are planned to be arranged.
Strengthen performance orientation and adhere to "funds follow projects".
Private investment accounts for the bulk of investment, and it is necessary to give full play to the role of major projects and government investment leveraging, improve relevant support policies, and fully mobilize the enthusiasm of private investment.
The third is to insist that the government live a tight life and make better use of the people.
Vigorously optimize the expenditure structure, ensure key expenditures, and strictly control general expenditures.
Revitalize financial stock funds and idle assets.
Governments at all levels must work hard, be diligent and thrifty, and the central and provincial governments must take the lead.
Strengthen revenue and expenditure management, strictly prohibit extravagance and waste, illegally build new buildings, and do not engage in image projects.
The fourth is to increase the implementation of prudent monetary policy.
Give full play to the dual functions of monetary policy tools in aggregate and structure to provide stronger support for the real economy.
Expand the scale of new loans.
Maintain the basic stability of the RMB exchange rate at a reasonable and balanced level.
Further unblock the monetary policy transmission mechanism.
Encourage financial institutions to reduce the actual loan interest rate and reduce fees, so that the majority of market players can feel the convenience of financing and the reduction of comprehensive financing costs.
The fifth is to strengthen the employment priority policy.
Vigorously expand employment channels, focus on stabilizing employment by stabilizing market players, and enhance the role of entrepreneurship in driving employment.
Fiscal, tax, financial and other policies should be implemented around employment priority, and increased support for enterprises to stabilize and expand jobs.
Various special employment promotion policies should be strengthened and optimized, and unreasonable restrictions on employment and entrepreneurship should be resolutely eliminated.
Every locality must do everything possible to stabilize and expand employment.
Sixth, ensure food and energy security.
Guarantee the supply of important agricultural products such as grain, and ensure people's livelihood and the normal production and operation of enterprises.
Implement a comprehensive conservation strategy.
Strengthen domestic resource production support capabilities, speed up the exploration and development of oil, gas, minerals and other resources, improve the national strategic material reserve system, and ensure the supply of primary products.
Keep the price level basically stable.
Seventh, prevent and defuse major risks.
Continue to follow the basic principles of stabilizing the overall situation, overall planning and coordination, implementing policies by category, and accurately disposing of bombs, and do a good job in risk management in the economic and financial fields.
Consolidate local territorial responsibilities, departmental supervisory responsibilities and corporate main body responsibilities, strengthen risk early warning, prevention and control mechanisms and capacity building, establish a financial stability guarantee fund, use market-based and legal methods to resolve hidden risks, and firmly guard against the occurrence of systemic risks. bottom line.
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