Economic Daily: Jin Guanping: Fiscal and monetary synergy boost domestic demand.
Overall, the package policy of financial and fiscal coordination to promote domestic demand will better stimulate consumption potential and enhance market vitality from both the demand side and the supply side. To implement this "combination punch" effectively, it is necessary to strengthen inter-departmental cooperation and efficiently implement policies. On the one hand, it is necessary to strengthen the coordination between central and local finances, as well as with relevant financial management departments, guide loan processing institutions to optimize processes, adhere to the principles of simplicity and ease of use, provide precise, efficient, and convenient financial services, and ensure that consumers and enterprises fully benefit from policy dividends. On the other hand, it is important to strengthen end-to-end management, strictly control the auditing and disbursement of funds, ensure the efficient and standardized use of funds, use precious fiscal funds effectively, and improve policy implementation effectiveness. At the beginning of the new year, a series of policies to expand domestic demand and optimize supply were introduced intensively. We hope that existing policies will continue to be effective, new policies will be implemented as soon as possible, and policy dividends will be continuously released to more effectively boost consumption, expand investment, and constantly strengthen the endogenous driving force of economic development.
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