China's economic growth rate has continued to decline in recent years, and the impact of the three-year epidemic has made it even worse. The expected GDP growth rate of 5.5% in 2022 will definitely not be achieved, and is expected to be around 3%. Although epidemic control policies are now relaxed, entrepreneurs' investment confidence and residents' willingness to consume are at a low level. Coupled with global inflation and the external environment are unstable, there will still be great pressure on economic growth next year.
After the Central Economic Work Conference ended in mid-December, a national financial work video conference was held in Beijing on December 29, planning the overall fiscal policy for 2023. Three of them are more important:
The first is to improve the tax support policy. According to the actual situation, the continuation of the continuation and the optimization of the optimization will focus on relieving corporate difficulties.
analysis: Most of the tax reduction and fee reduction policies implemented in 2022 will continue to be implemented, and efforts will be intensified on the original basis. Based on the common problems faced by business operations, targeted support policies will be introduced to transfer benefits to enterprises.
The second is to strengthen the coordination of fiscal resources, optimize the combination of fiscal deficits, special bonds, interest discounts and other tools, appropriately expand the scale of fiscal expenditures, and provide financial guarantee for the implementation of major national strategic tasks.
analysis: In 2023, the government should take the lead in spending more money to stimulate investment. Allow the deficit rate to increase, allow local governments to issue special bonds to invest in projects to stimulate the economy, and allow banks to issue more subsidized loans to support investment in specific projects.
The third is to vigorously optimize the expenditure structure, insist on maintaining and suppressing, actively support key areas such as scientific and technological research, rural revitalization, major regional strategies, education, basic people's livelihood, green development, strictly control general expenditures, and continuously improve expenditure efficiency.
analysis: Money must be spent wisely. The province must save money and focus on spending money on major strategies such as technological innovation and transformation and upgrading to promote high-quality development of . At the same time, people's livelihood must be protected and the people must not suffer.
Recently, Finance Minister Liu Kun also accepted an interview with
In summary, the keynote of fiscal policy in 2023 is: on the premise of preventing systemic risks, use fiscal policy fully and well to fully stimulate economic growth.
