Ministry of Finance Outlines Future Fiscal Policy Strategy

A report from the Ministry of Finance, as cited by Xinhua News Agency, indicates that the government intends to implement more proactive fiscal policies. Officials plan to utilize existing policy effectiveness while preparing new measures based on macroeconomic conditions to expand domestic demand, optimize supply, and improve public livelihood outcomes. During the first half of the year, the national economy demonstrated resilience and steady progress, providing a foundation for stable fiscal operations. Financial departments coordinated resources and prioritized spending in key areas. Policies were applied with precision to release demand potential, support new growth drivers, and enhance social welfare programs. Looking ahead, the Ministry aims to accelerate fund allocation and optimize expenditure structures to improve policy effectiveness. Authorities will expedite government bond issuance to support project implementation and physical work volume. Additionally, special treasury bonds will be issued to increase capital for central financial enterprises to strengthen their operational stability. The Ministry of Finance will focus on several key areas to ensure future stability. These efforts include supporting the expansion of domestic demand, promoting innovation in technology and industry, and continuing to improve public livelihood. Furthermore, the department will prioritize the mitigation of risks and the deepening of fiscal management reforms.