[Ministry of Finance: Effectively implement more proactive fiscal policies Support all-round expansion of domestic demand] On October 9, the Ministry of Finance released a report on the implementation of China's fiscal policy in the first half of 2026. In the face of more complex situation changes and overlapping risks and challenges, the Ministry of Finance will adhere to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, adhere to the general tone of making progress while maintaining stability, completely and accurately implement the new development concept, accelerate the construction of a new development pattern, and better coordinate We must coordinate both domestic and international development and security, implement more proactive fiscal policies, give full play to the effectiveness of existing policies, timely plan and introduce pragmatic and effective incremental policies based on macroeconomic conditions, increase counter-cyclical adjustments, intensify efforts to expand domestic demand, optimize supply, effectively protect and improve people's livelihood, promote the continued economic development in a new and better direction, and provide a strong guarantee for achieving a good start in the "15th Five-Year Plan". Focus on six aspects of work: (1) Effectively implement more proactive fiscal policies. Reasonably speed up the progress of fund allocation and use, continue to optimize the structure of fiscal expenditures, ensure expenditures in key areas, strengthen fund supervision, and effectively improve the efficiency of fund use and policy implementation effects. Reasonably speed up the issuance and use of government bonds, better connect project implementation and bond issuance, support the implementation of detailed early-stage planning for key projects, grasp project implementation, and generate more physical workload as soon as possible. Special treasury bonds were issued to increase capital of eight central financial enterprises to enhance their ability to operate steadily, resist risks and serve the real economy. (2) Support the all-round expansion of domestic demand. Support the promotion of "dual emphasis" construction and "two new" work, and improve the implementation mechanism. Optimize and implement a package of fiscal and financial coordination policies to promote domestic demand, improve departmental coordination and central-local linkage working mechanisms, and better encourage residents’ consumption and leverage private investment. Coordinate the use of ultra-long-term special treasury bonds, local government special bonds, central budget investment and other funds, focus more on key areas such as new productivity and new urbanization, invest more in areas with strategic significance and conducive to improving total factor productivity, and vigorously support the construction of major engineering projects determined in the "15th Five-Year Plan" outline. (3) Promote technological innovation and industrial innovation. Highlight the supply of technological innovation and the traction of industrial demand, and comprehensively use policy tools such as special funds and government investment funds to promote the optimization and upgrading of traditional industries, and cultivate and strengthen emerging industries and future industries. Implement fiscal support policies to promote the expansion of capacity, quality and better development of producer services and consumer services. Improve the efficiency of investment in scientific and technological innovation and increase support for key and strategic areas. (4) Continue to protect and improve people’s livelihood. Actively stabilize employment and increase income, and strengthen employment assistance for key groups and disadvantaged groups. Adapt to demographic structural changes and mobility trends, and optimize the layout of basic public services such as education and medical care. Implement policies such as child care subsidies, free preschool education, and consumption subsidies for elderly care services. Strengthen the construction of universal, basic and comprehensive people's livelihood, improve the "one old and one small" service system, and improve the hierarchical and classified social assistance system. Provide emergency disaster relief and improve the ability to prevent and respond to natural disasters. (5) Strengthen risk prevention and resolution in key areas. Continue to implement a package of debt reduction policies, accelerate the resolution of existing hidden debts, strictly prevent false debts and new hidden debts, and promote the exit and reform and transformation of local financing platforms. Support the smooth operation of grassroots finances, implement hierarchical guarantee responsibilities, strengthen operational monitoring and treasury allocation, and effectively ensure the bottom line of the "three guarantees" at the grassroots level. Coordinate and make good use of existing policies and assist in clearing arrears of corporate accounts. (6) Deepen financial management reform. Promote scientific fiscal management pilot projects in depth. Promote the steady implementation of zero-based budget reform, pilot projects for integrating and coordinating the use of transfer payment funds, standardizing tax incentives and fiscal subsidy policies, and consumption tax reform. Strengthen fiscal expenditure management with stricter standards and more practical measures, and implement the requirements of party and government agencies who are accustomed to living a tight life. Strengthen financial and accounting supervision, carry out in-depth three-year actions to improve the quality and efficiency of financial and accounting supervision, strengthen the construction of the financial and accounting supervision system and mechanism, further strengthen financial discipline, and continue to improve the authority and effectiveness of financial and accounting supervision.