A package of incremental policies has been rolled out! The Ministry of Finance makes a significant announcement!

Recently, the Ministry of Finance announced a series of incremental policies aimed at further promoting economic development and structural adjustment. These policies cover multiple areas, including fiscal expenditure, tax incentives, financial support, and more, with the goal of providing greater support and convenience to businesses and individuals.

First, the Ministry of Finance will increase fiscal expenditure on infrastructure construction, particularly in the areas of transportation, energy, and communications. This will help enhance the overall level of the country's infrastructure and promote coordinated regional economic development.

Secondly, the Ministry of Finance has also introduced a series of tax incentives aimed at alleviating the tax burden on businesses and individuals. These policies include reducing the corporate income tax rate, expanding the scope of value-added tax deductions, and providing special tax benefits for small and micro enterprises and innovative businesses.

Additionally, the Ministry of Finance has strengthened support for the financial markets by providing more credit support and reducing financing costs, helping enterprises, especially small and medium-sized enterprises, to address financing difficulties.

The introduction of these policies is expected to effectively stimulate market vitality and promote sustained and healthy economic development. The Ministry of Finance stated that it will continue to closely monitor the implementation effects of the policies and make adjustments and optimizations based on actual conditions.