China Finance Minister: This year will expand the scale of fiscal expenditure moderate

China Finance Minister Lanfo An said that the Chinese government will moderately expand the scale of fiscal expenditure this year to expand domestic demand, but it will also leave room for the challenge of possible risks in the future.

In the interview content published on Thursday (January 4) of the Chinese Official Media People's Daily, Blue Buddha made the above expression.Lanfo An said that the Chinese fiscal department will resolutely implement a positive fiscal policy to stabilize the macroeconomic efforts.

Blue Buddha Anan said: "We have a reasonable and prudent determination of the level of deficit, which not only appropriately expands the scale of expenditure, meets actual needs, and" stays with the back "to leave room for the possible risk challenges in the future."

He also said that in addition to the fiscal own income, this year will also arrange a certain scale deficit. In the principle of maintaining the basic stability of the government's overall leverage, it will continue to arrange appropriate local government bonds to continue to arrange appropriate scale of local government bonds to so as to use it to use it to use it to use it to use it.Ensure that the scale of total financial expenditure increases, and better play the role of driving domestic demand and promoting economic cycle.

Blue Foan also mentioned that this year the central government still maintains a certain scale on local transfer payment, especially to increase equilibrium transfer payment, and tilt to difficult areas and underdeveloped areas, strengthen funds in weak financial resources,Assure.

In addition, the Chinese financial department will optimize the adjustment of taxes and fees, improve accuracy and targetedness, and focus on supporting scientific and technological innovation and manufacturing development.

Bloomberg reported that, due to the impact of the real estate market, the Chinese government's financial support was generally weak last year.According to data from the Ministry of Finance of China, in the first 11 months of last year, the general fiscal expenditure decreased by about 0.3%year -on -year.Chinese officials promise to raise fiscal expenditure and boost the foreigners' expectations for officials that may set higher economic growth this year.