Minister of Finance Lan Foan

新华社北京3月24日电title:How does finance support high-quality development? Lan Fo 'an introduced five key tasks

Xinhua Agency reporters Wang Xi and Han Jianuo

Chinese Minister of Finance Lan Fo 'an said at the 2024 Annual Meeting of the China Development Forum, which opened on the 24th that in the new year, the Ministry of Finance will focus on promoting high-quality development, cultivating new productive forces, strengthening cross-cyclical and counter-cyclical adjustment, and coordinating We will solve cyclical and structural problems in economic development, organically combine supply-side reform with demand-side management, and promote stable and healthy economic and social development.

The annual meeting was held shortly after the end of the National Two Sessions in China. Topics such as the momentum and prospects of China's sustainable development and China's macro policy orientation became the focus of attention of participants. The Central Economic Work Conference at the end of last year made it clear that proactive fiscal policies should be appropriately strengthened in 2024, improve quality and efficiency. The Chinese government work report further deployed and arranged for the implementation of proactive fiscal policies.

The deficit ratio is arranged at 3%, and the deficit size reaches 4.06 trillion yuan; 3.9 trillion yuan of new local government special bonds are added, and 1 trillion yuan of ultra-long-term special treasury bonds are newly issued; the scale of central-to-local transfer payments is 10.2 trillion yuan, with the same caliber The growth rate is 4.1%... Lan Fo 'an quoted a series of data and introduced to guests at home and abroad how China's proactive fiscal policy this year will "moderately increase, improve quality and efficiency."

Specifically, how will finance support high-quality development? Lan Fo 'an said that he will focus on five aspects of work.

--Support the accelerated development of new productive forces and inject strong momentum into high-quality development.

Developing new quality productivity is an inherent requirement and important focus for promoting high-quality development. The characteristics of new quality productivity are innovation. Lan Fo 'an said that in recent years, the Ministry of Finance has insisted on prioritizing scientific and technological innovation as a key area. Driven by the guidance of fiscal funds, the whole society's R & D expenditures have ranked second in the world, with an average annual growth rate of over 10%. The next step will be to strengthen policy integration, increase support for innovation and development, promote self-reliance and self-reliance in high-level science and technology, coordinate the upgrading of traditional industries, the growth of emerging industries, and the cultivation of future industries, develop new productive forces according to local conditions, and create new momentum and new advantages for development.

--Support the expansion of effective demand and enhance endogenous driving forces for development.

In 2023, China's final consumption contribution rate will reach 82.5%, driving economic growth by 4.3 percentage points. Lan Fo 'an said that in the next step, the Ministry of Finance will continue to organically combine the strategy of expanding domestic demand with deepening supply-side structural reforms, expand profitable investment, stimulate potential consumption, and enhance the role of domestic demand in driving economic growth.

Recently, the State Council issued the "Action Plan to Promote Large-scale Equipment Renewal and Exchange of Old Consumer Goods with New Products." "We will adhere to the linkage between central finance and local finance to support large-scale equipment updates and the trade-in of consumer goods." Lan Fo 'an said that the Ministry of Finance will also actively promote the construction of a unified national market, treat all types of business entities equally in terms of tax incentives, government procurement, etc., support the consolidation of the fundamentals of foreign trade and foreign investment, and enhance the linkage of two resources in both domestic and international markets. effect.

--Support the improvement of people's livelihood and well-being so that all people can share the fruits of development.

Regarding how to divide the fiscal "cake" well, Lan Fo 'an introduced that the Ministry of Finance will insist on maintaining pressure and allocate more financial resources for education, medical care, social security, environmental protection and other areas of people's livelihood, and steadily improve the level of people's livelihood security in development. In the next step, we will persist in doing our best and within our capabilities, strengthen basic, inclusive and comprehensive people's livelihood construction, and continue to enhance the people's sense of gain, happiness, and security.

--Support the expansion of high-level opening up and actively participate in global economic governance.

"In today's era of economic globalization, there are no isolated islands. Opening up is the only way to prosperity." Lan Fo 'an said that the Ministry of Finance will strengthen international financial exchanges and cooperation, strengthen communication and coordination with major economies on macro policies, practice true multilateralism, deepen practical cooperation with multilateral development institutions, and move towards each other on the stage of open cooperation., achieve each other, and jointly promote global economic recovery and development; Actively promote the establishment of global economic governance rules and systems that are generally accepted and effective by all parties, and promote the development of economic globalization in a more open, inclusive, universally beneficial and balanced direction.

--Deepen the reform of the fiscal and taxation system and enhance sustainable development capabilities.

To achieve Chinese-style modernization, we need to combine medium-and long-term goals and unleash the potential and enthusiasm of all aspects. "In accordance with the deployment of the Party Central Committee and the State Council, we will actively plan a new round of fiscal and taxation system reform, establish and improve a modern fiscal system that is compatible with Chinese-style modernization, effectively prevent fiscal risks, and continuously enhance fiscal sustainability." Lan Fo 'an said.