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[Minister of Finance Lan Fo'an: Push forward the consumption tax collection process and steadily move forward local and local surcharge reforms to support local expansion of tax sources] October 1, 2020. Finance Minister Lan Fo'an published an article on October 1 stating that more attention should be paid to promoting the smooth operation of grassroots finances and preventing and resolving local government debt risks. We will move forward the consumption tax collection process and steadily delineate local and local surcharge reforms to support local governments in expanding tax sources. We will solidly advance the pilot program for the integrated and coordinated use of transfer payment funds, giving local governments more autonomy and better meeting actual needs. Supervise local governments to strengthen treasury dispatch and operation monitoring to ensure that there are no problems with the "three guarantees". Accelerate the resolution of existing hidden debts, seriously investigate and deal with new hidden debts, false debts and other illegal activities, and consolidate the hard-won results of debt reduction. Promote the reform and transformation of local government financing platforms in a classified and orderly manner, resolutely divest government financing functions, and strictly prohibit the establishment or alienation of various types of financing platforms.
🕐 2026-10-01 12:51

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