Lan Fuan: This year's financial fund scale has reached three new highs in various aspects.

On March 6, at the Economic themed press conference of the Fourth Session of the Fourteenth National People's Congress, Minister of Finance Lian Weiliang stated that in order to understand this year's more proactive fiscal policy, it can be summarized as reflected in the scale of funds and the strength of policies, and more importantly, in strengthening policy coordination. In terms of the scale of funds, three aspects have reached record highs this year: first, the total expenditure has reached a record high, with the national general public budget expenditure reaching a new level of over 30 trillion yuan for the first time. Second, the scale of newly issued government bonds has reached a record high, with the scale of newly issued government bonds this year reaching 11.89 trillion yuan, the largest in recent years. Third, central government transfer payments to local governments have reached a record high, with the total amount of central government transfer payments to local governments reaching 10.42 trillion yuan, exceeding 10 trillion yuan for the fourth consecutive year. Among them, financial transfer payments such as balanced transfer payments and awards for the county-level basic financial security mechanism have increased by 110 billion yuan.