Dressing the fiscal policy of stabilizing the broader market fully expands demand to protect people's livelihood

Since the beginning of this year, the implementation of new combined tax support policies has been implemented, benefiting market entities; policies such as special bonds and other policies to better play the role of stable investment; improve the efficiency of funds, and the guarantee of people's livelihood and other expenditures ... Active fiscal policy such as active fiscal policies Exactly exert your efforts to play an important role in stabilizing the people's livelihood.

According to new deployments such as the National Council, the next step, fiscal policy must also increase the support of the real economy. Limited space to strengthen people's livelihood.

——Accosted support for physical taxes and fees

Since the beginning of this year, my country's implementation of new combined tax support policies has played an important role in boosting the confidence of market entities, expanding consumer investment, enhancing the internal vitality of development, and stabilizing the macroeconomic market.

According to data from the State Administration of Taxation, as of July 20, the new tax reduction and tax rebate and tax rebate of tax rebate exceeded 3 trillion yuan. The 2000.5 billion yuan value -added tax refund tax has been refunded to the taxpayer account, exceeding three times the tax refund scale last year.

The National Frequently clarified tax support measures held on August 19 expanded the increase: the one -time refund of the value -added tax reserved tax for the care and childbirth service industry, and the increase in monthly withdrawal; "". It will be exempted from the purchase tax policy for new energy vehicles and will be extended until the end of next year. Continue to exempt the taxi tax and consumption tax.

Li Xuhong, a professor of Beijing National Accounting Academy, told a reporter from the Economic Reference News that in the first half of the year, due to the influence of the new crown pneumonia's epidemic and the changes in the economic situation at home and abroad, my country's economy continued to resume the development trend, but it still fluctuated slightly. Increased fiscal policies to support the real economy, which is conducive to reducing the cost of production and operation of the real economy, and has played a buffering role in helping the real economy in response to the impact of the external environment. It also conveys positive signals to market entities, which will enhance the expectations of market entities to economic expectations, which will help promote the expansion of effective demand and guide the formation of effective supply.

——Lian Limited Limited Space of Special Debt in accordance with the law

Since the beginning of this year, special debt has gone forward to better play the role of expanding effective investment.

The release speed is fast. According to the latest data from the Ministry of Finance, from January to July this year, local governments across the country have issued a total of 3.47 trillion yuan in special bonds, and the amount of special bonds used for project construction has been basically issued. It is mainly used for the key areas of the party's central and State Council's infrastructure, social undertakings, transportation infrastructure, affordable housing projects, agricultural and forestry and water conservancy in municipal construction and industrial parks.

The effect of pulling investment is obvious. From January to July this year, more than 250 billion yuan of special bond funds have been arranged in various places, which are used as railway, toll roads, and trunk airport capital capitals to actively play the role of government investment in "four or two pounds". According to the latest data from the National Bureau of Statistics, from January to July, infrastructure investment increased by 7.4%year -on -year, which was 1.7 percentage points higher than the national fixed asset investment growth rate, and accelerated for three consecutive months.

Efforts will be made to expand demand and stabilize the economy. On August 19th, the State will make new deployments on the limits of local special bonds in accordance with the law.

From the perspective of Senior Researcher of China International Futures Co., Ltd., "revitalizing local special debt limits space in accordance with the law" is an important point for financial policy to continue to achieve stable economic effects. He told the "Economic Reference Daily" reporter that preliminary estimation was that as of the end of July, the remaining local government's special debt limit space still had a quota of nearly 1.5 trillion yuan. The policy effect of revitalizing the special debt limit space depends on how the policy is deployed. It is recommended to deploy and implement it as soon as possible to determine the total scale of the optimal special debt and the amount of provinces, and further optimize the direction and efficiency of the use of special debt funds to maximize the effectiveness of the policy.

Luo Zhiheng, dean of the Guangdong Institute of Cycn Securities, said that fiscal policy will play an important role in the fields of stabilizing consumption and boosting investment. In his opinion, the use of special debt stock limits can appropriately alleviate the financial pressure of some regions and the ability to promote infrastructure. The demand for special bonds is different, so it is necessary to fully play a role in project reserves and screening.

The relevant person in charge of the Ministry of Finance said that the next step will resolutely implement the spirit of the Political Bureau of the Central Committee, guide the local government to make good use of the government's special bond funds, make full use of the recent window period with a relatively small scale of local government bonds, and complete the new special bonds in 2022 to complete the special bonds in 2022. Issuing the end. Accelerate the use of special bond funds, in accordance with the requirements of "zero tolerance", urge localities to accelerate the management of special bond projects and effectively prevent the risk of special bonds. At the same time, research and guidance of local use of special debt limits, revitalize the debt limit space in accordance with the law, and play an effective investment role.

—— Strengthen people's livelihood

Since the beginning of this year, general public budget expenditures across the country have maintained growth, and expenditures such as people's livelihood and other key areas have been effectively guaranteed. According to data from the Ministry of Finance, from January to July, social security and employment expenditure were 2275.7 billion yuan, an increase of 5.5%; educational expenditure was 2183.7 billion yuan, an increase of 4.7%; health expenditure was 1266.8 billion yuan, an increase of 8.6%; Yuan, an increase of 8.7%; transportation expenditure was 700 billion yuan, an increase of 13.1%; scientific and technological expenditure was 497.3 billion yuan, an increase of 20.5%.

In the next step, measures including strengthening the basic living security of people in difficulties and comprehensively implementing a series of subsistence allowances to strengthen people's livelihood will also be launched.Li Xuhong said that the implementation of active fiscal policies is a key force for helping the economic recovery, and it is also a necessary means for the government's macro -control.In the next step, we should continue to play the positive efficiency of fiscal policies and stabilize the economy in a reasonable range.In addition to further exerting the effect of reserved tax refund policies to help enterprises relieve the rescue and give full play to the financial tool effects that drive the investment of social capital investment, it is also necessary to improve the efficiency of financial funds and ensure the expenditure of key areas such as people's livelihood.The preferential tax policies for people's livelihood and consumption to promote consumption have enhanced the sense of gain of residents.

Reporter Sun Shaohua

(Source: Economic Reference News)

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