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China Economic Observation for the First Quarter | Make good use of more active fiscal policies
2025-05-14 source:Xinhuanet

Xinhua News Agency, Beijing, April 26th Title: Make good use of more active fiscal policies

Xinhua News Agency reporter Shen Cheng

The meeting of the Political Bureau of the CPC Central Committee held recently emphasized that it is necessary to step up the implementation of more active and effective macroeconomic policies, make good use of more active fiscal policies and moderately relaxed monetary policies, and further convey a clear signal that macroeconomic policies can better escort the healthy development of the economy and society.

Finance policy is an important tool for macro-control. It can affect the whole body and play an important role in stabilizing economic growth and promoting healthy social development. At present, the foundation for my country's continued recovery and improvement of the economy still needs to be further consolidated, and the impact of external shocks is increasing. Faced with new situations and new challenges, it is urgent to respond with more effective and more precise macro policies. It is particularly important to adapt to the stage characteristics of development and changes in the economic situation, and to make timely decisions on fiscal policies and "prescribe accurate prescriptions".

To make good use of more active fiscal policies, we must coordinate the use of the "toolbox" of high-quality policies. Focusing on all-round expansion of domestic demand, accelerating the cultivation and development of new quality productivity, ensuring and improving people's livelihood, focusing on weak areas and key links in economic and social development, more proactive fiscal policies should be more precise and powerful. We should coordinate the use of various policy tools such as government bonds, fiscal interest subsidies, special funds, tax and fee discounts, and launch a "combination punch" of policies. At the same time, it is necessary to strengthen coordination with currency, employment, industry, regional and other policies to ensure that efforts are made in the same direction and form a joint force.

Make good use of more active fiscal policies, and ensure that the "real money" of fiscal funds is implemented quickly and put into practice. Continue to improve the efficiency and utilization of fiscal funds, optimize the expenditure structure, strengthen performance management, and spend every penny on the key points of national economy and people's livelihood. "Whether funds can be effectively used on the edge" should become a yardstick for testing the work of relevant departments, continue to strengthen dynamic assessment of policy implementation, continuously improve incentive mechanisms, fully mobilize the enthusiasm and initiative of grassroots units, and ensure that policies are implemented and funds benefit enterprises and the people.

To give full play to the effectiveness of policies, we must further strengthen expectations management, help the public better understand various policy measures, grasp the rhythm of policies, make policy implementation more matches market expectations, and promote a virtuous cycle between economic growth and expected improvement.

Implementing more proactive fiscal policies is a key measure to promote high-quality economic development. Respond to the uncertainty of the internal and external environment with the certainty of policies, and be brewing according to the times and launching according to the situation, so that more active fiscal policies can play a more effective role and ensure that China's economic ship rides the wind and waves and moves steadily and far.

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