Ministry of Finance: This years national fiscal deficit is 380 billion yuan higher than that in 2018

category:Global
 Ministry of Finance: This years national fiscal deficit is 380 billion yuan higher than that in 2018


Thirdly, the function of fiscal policy has been continuously strengthened. Over the past 70 years, we have given full play to the function of fiscal policy in regulating economic operation and other aspects, and established and perfected a fiscal policy regulation system that meets the needs of different economic operation patterns under the conditions of socialist market economy. Since the Eighteenth National Congress of the Communist Party of China, we have adhered to the general tone of steady and progressive work, adhered to the new concept of development, and conscientiously implemented various initiatives of active fiscal policy, which has played an important role in promoting Chinas economic stability. In 2019, we will intensify efforts to implement active fiscal policies, expand the scale of fiscal expenditure moderately, increase the national fiscal deficit by 380 billion yuan compared with 2018, and increase local government special bonds by 800 billion yuan compared with 2018. On the basis of tax reduction and fee reduction by 1.3 trillion yuan in 2018, we will continue to reduce the tax and fee burden of enterprises by 2 trillion yuan; at the same time, we will strengthen policy associations. We should adjust and maintain pressure, enhance the foresight, pertinence and effectiveness of regulation and control, and vigorously promote economic operation to remain in a reasonable range.