Ministry of Finance: This year's fiscal expenditure budget schedule exceeded 30 trillion yuan for the first time

Comparing the news, the State Information Office held a series of press conferences on the theme of “Starting the 15th Five-Year Plan” series. Relevant officials from the Ministry of Finance introduced the role of active fiscal policy this year and introduced policy development priorities for the second half of the year.

Vice Minister of Finance Liao Min explained that since this year, the Ministry of Finance has steadfastly implemented a more active fiscal policy:

This year's fiscal expenditure budget surpassed 30 trillion yuan for the first time.

The amount of new government bonds reached 11.89 trillion yuan, the largest in history.

Transfers from the central government to local authorities exceeded 10 trillion yuan for the fourth year in a row, reaching 10.42 trillion yuan.

In the second half of the year, fiscal policy will continue to be effective in three areas: speeding up the use of capital, increasing domestic demand, and strengthening fiscal reform and management.

Regarding incremental policies, in the second half of the year, according to macroeconomic performance, the Ministry of Finance will promptly plan and introduce pragmatic and practical incremental policies to provide strong support for achieving effective improvements in economic quality and reasonable volume growth.