Ministry of Finance: Make good use of a more proactive fiscal policy.

The Ministry of Finance has released the report on the implementation of China's fiscal policies in the first half of 2025. Next steps will focus on the following six aspects: Making full use of more proactive fiscal policies. Strengthening the budget execution responsibility chain, combining improved fund utilization efficiency with safeguarding fund security, and promoting the quick implementation and effectiveness of funds and policies. Fully supporting stable employment and foreign trade. Increasing the implementation of stable employment policies, supporting the provision of public employment services, vocational skills training, and stabilizing and expanding job positions, making every effort to stabilize employment, promoting employment and entrepreneurship for key groups, and ensuring the basic livelihood of the unemployed. Accelerating the cultivation and growth of new development drivers. Strengthening industrial innovation and technological supply, advancing key core technology research, actively cultivating emerging and future industries, and continuously promoting the transformation and upgrading of the manufacturing industry. Further improving and enhancing people's livelihoods. Strengthening services for the elderly and children, providing elderly care service subsidies to elderly people with moderate or severe disabilities, gradually implementing free preschool education, and implementing childcare subsidies. Continuing efforts to prevent and resolve risks in key areas. Continuing to implement a comprehensive debt replacement policy, while steadily advancing the replacement of hidden debts, cracking down on new hidden debt behaviors, and holding those responsible accountable. Continuously improving the efficiency and level of fiscal governance. Strengthening scientific fiscal management, deepening the implementation of various fiscal and tax reform measures, and striving to make positive progress in fiscal resource and budget coordination, zero-based budgeting, fiscal transfer payment systems, consumption tax reform, and standardizing tax preferential policies.