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CN MOF: More Proactive Fiscal Policies Can Be Expected, Mainly Reflected in Strength, Efficiency, Timing
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Liao Min, China's Vice Minister of Finance, said at a press conference of the State Council Information Office that, a more proactive fiscal policy can be expected, mainly reflected in 3 aspects, namely strength, efficiency and timing three aspects. In terms of strength, it is necessary to make good use of the policy space, strengthen the counter-cyclical adjustment, increase the fiscal deficit rate and the intensity of expenditure to further add the transfer payments to the localities, strengthen the financial strength of the localities, secure the solid base of "three protections", and arrange for a larger scale of government bonds, including the ultra-long-term special national bonds and the local government special bonds, etc.. AAStocks Financial News |
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