The National Fiscal Work Video Conference Held in 2022, Proactive Fiscal Policy Must Be Focused on Six Aspects

　　SecuritiesAccording to the Times Online, according to the Ministry of Finance, on December 27, a video conference on national fiscal work was held in Beijing. The meeting emphasized that the financial department must accurately grasp the requirements of stability and seek progress, implement proactive fiscal policies, and actively introduce policies that are conducive to economic stability, and policy efforts should be appropriately advanced.At the same time, strengthen fiscal policy andcurrencyCoordination and linkage of policies such as employment, employment, etc., focusing on the organic combination of cross-cyclical and counter-cyclical regulation, and enhancing the overall effectiveness of policies. In 2022, the proactive fiscal policy will improve efficiency, pay more attention to accuracy and sustainability, and focus on six aspects: First, implement greater tax cuts and fee reductions to enhance the vitality of market entities. The second is to maintain appropriate spending intensity and improve spending accuracy. The third is to rationally arrange special bonds for local governments to ensure the construction of key projects. The fourth is to increase transfer payments from the central government to local governments to secure the bottom line of the “three guarantees” at the grassroots level. Fifth, insist on living tightly for the party and government organs and run all undertakings frugally. The sixth is to strictly enforce financial discipline and rectify financial order.

(Article Source:SecuritiesTimes Network)

Article source: Securities Times

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Original Title: National Financial Work Video Conference Held in 2022, Proactive Fiscal Policy Must Focus on Six Aspects