Lanfoan: Implement more awesome fiscal policies in line with next year's economic and social development goals
On November 8th, Minister of Finance Lan Foan introduced at a press conference that more awesome fiscal policies will be implemented in combination with next year's economic and social development goals. First, actively use the deficit space that can be improved. Second, expand the scale of special project bond issuance, broaden investment fields, and increase the proportion used as a capital base. Third, continue to issue super long-term special treasury bonds to support the construction of security capabilities in major national strategies and key areas. Fourth, increase efforts to support large-scale equipment renewal and expand the variety and scale of trade-in of consumer goods. Fifth, increase the scale of central transfer payments to local governments, and strengthen investment protection in key areas such as scientific and technological innovation and people's livelihood.