Ministry of Finance: This year's budget for fiscal expenditure exceeds 30 trillion yuan for the first time

The State Council Information Office held a series of themed press conferences titled "Starting Off the 14th Five-Year Plan." Officials from the Ministry of Finance introduced the role of this year's proactive fiscal policy and outlined the key focus areas for policy efforts in the second half of the year.
Vice Minister of Finance Liao Min stated that since the beginning of this year, the Ministry of Finance has firmly implemented a more proactive fiscal policy:

This year's fiscal expenditure budget arrangement has exceeded 30 trillion yuan for the first time.

The scale of new government bonds has reached 11.89 trillion yuan, the largest in history.

Central government transfers to local governments have exceeded 10 trillion yuan for the fourth consecutive year, reaching 10.42 trillion yuan.

In the second half of the year, fiscal policy will continue to focus on three areas for effective results: accelerating the use of funds, increasing efforts to expand domestic demand, and strengthening fiscal reform management.

Regarding incremental policies, in the second half of the year, based on the macroeconomic operation situation, the Ministry of Finance will timely plan and introduce practical and effective incremental policies to provide strong support for achieving a qualitative improvement and reasonable growth in the economy.