Lou Jiwei, the president of the Chinese Society of Finance and former Minister of Finance, suggested that China increased by 15 to 2 trillion yuan (280 billion to 370 billion yuan) fiscal deficit, which is mainly used for the cost of small and medium -sized enterprisesPeriodic subsidy.
According to the China Daily, Lou Jiwei pointed out in the keynote speech of the "Global Finance Forum" last Saturday (July 8) that if no accident, China's annual economic growth will exceed this year's annual economic growth exceeding more5%, considering that the base was only 3%last year, the economic operation will still be lower than the potential growth rate, which is not conducive to maintaining full employment.
For this reason, he suggested to adjust the fiscal budget in time to increase 1.5 trillion yuan to 2 trillion yuan deficit, mainly to increase the central fiscal deficit, most of which are used for rent, water and electricity, interest, etc.Periodic subsidy.
According to reports, roughly calculated that this year China's fiscal budget deficit was 3.88 trillion yuan, and the deficit rate was arranged by 3%;4.16%to about 4.55%.
In an exclusive interview with China Daily, Lou Jiwei added that using the central government's financial funds to issue consumer vouchers is also a possible policy option to expand demand, but the most critical policy is still the main body of the market.He said: "The most important thing is to keep small and medium -sized enterprises. They operate normally. They can expand and provide employment. This is the most important."
Lou Jiwei also told China Daily that through debt, through debtThe replacement and resolution of local government debt risks will trigger moral risks, leading to the increasing scale of local debt. It is necessary to keep the central government's "resolute and not save" bottom line, and gradually resolve risks through debt exhibitions and assets."We have done debt replacement. Now (debt scale) is getting bigger and bigger than that time, and it will be bigger again and cannot be done again."
He pointed out that it is not expected that local government debt will be largeLarge -scale thunderstorms, saying that the current tendency of rendering local debt risks to put up pressure on policies has risen.
Talking about the resolution of the risk of China's real estate market, Lou Jiwei suggested that the real estate loan restriction policy and restrictions on house prices should be canceled to help the real estate market demand recovery.In addition, the real estate tax can be levied in a timely manner in the future, and the basic deduction policy can be clarified. For example, each household calculates the real estate area that can be exempted from taxation based on the number of families and the per capita residential area of urban residents.
Lou Jiwei said that it is expected that the cancellation of the purchase restriction policy will not reverse the adjustment of the real estate market, and the structural issues of high -inventory, high housing prices, and high -loop of financial real estate still need to be adjusted slowly.
