[Ministry of Finance: Promote zero-based budget reform, integrate and coordinate pilot projects for the use of transfer payment funds, standardize tax preferential and fiscal subsidy policies, and steadily implement consumption tax reform] On October 9, the Ministry of Finance released a report on the implementation of China’s fiscal policy in the first half of 2026. The report proposes to further promote scientific fiscal management pilot projects. 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.