2023-12-23 10:04:00
The Chinese government held a national fiscal work conference and proposed that in 2024, we must pay close attention to fiscal management reform, “strictly implement frugality, establish a tight living concept, and improve the tight living system,” strictly implement established debt measures, and increase efforts to resolve existing hidden debts. .
According to the official website of the Ministry of Finance of China, the National Financial Work Conference was held in Beijing from December 21st to 22nd. The meeting summarized the fiscal work in 2023 and studied and deployed the fiscal work in 2024. Lan Fo’an, Secretary of the Party Leadership Group and Minister of the Ministry of Finance, made a work report.
The meeting said that since 2023, in the face of severe situations, financial departments at all levels have solidly promoted the implementation of proactive fiscal policies, strengthened the supply of tax and fee policies, prevented and resolved local government debt risks, strictly enforced financial discipline, and effectively promoted economic recovery.
The meeting pointed out that 2024 is a critical year for achieving the goals and tasks of the “14th Five-Year Plan”, and it is of great significance to do a good job in financial and economic work. It is necessary to coordinate high-quality development and high-level security, increase macro-control efforts, moderately intensify active fiscal policies, improve quality and efficiency, “adhere to the tight life of party and government agencies, and vigorously optimize the fiscal expenditure structure”; strengthen local government debt management , strictly enforce financial discipline, improve fiscal capital performance, effectively enhance economic vitality, prevent and resolve risks, improve social expectations, and consolidate and enhance the positive economic recovery trend.
The meeting proposed that in 2024, we should strengthen counter-cyclical and inter-cyclical adjustment of macroeconomic policies, continue to implement proactive fiscal policies, appropriately intensify efforts, and improve quality and efficiency. Appropriate efforts are mainly to maintain appropriate expenditure intensity, reasonably arrange the scale of government investment, and give full play to the amplification effect; to improve quality and efficiency, it is mainly to implement the requirements of tight living standards, optimize the fiscal expenditure structure, strictly enforce financial discipline, and “transform the same Spend your money more effectively.”
The meeting requested that we should pay close attention to the reform of financial management and improve the efficiency of financial governance. We must “strictly implement frugality and establish the concept of tight living standards, improve the tight living system, strictly implement the tight living standards, and strengthen the supervision of tight living standards”; strictly implement the established debt measures , increase efforts to resolve existing hidden debts, resolutely prevent new hidden debts, improve the long-term mechanism for debt reduction, and effectively prevent and resolve local debt risks.
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