From the 27th to the 28th, the National Financial Work Conference was held in Beijing.

The meeting pointed out that it supports the battle to prevent and resolve major risks, focusing on effectively preventing and controlling local government debt risks, resolutely stopping illegal financing guarantees, and strictly prohibiting the use of government investment funds, government and social capital cooperation (PPP), government purchase of services, etc.

Disguised borrowing.

The meeting pointed out that financial departments at all levels conscientiously implement the decisions and arrangements of the Party Central Committee and the State Council, strive to promote supply-side structural reforms, reduce corporate tax burdens, increase the adjustment of fiscal expenditure structures, promote fund performance management, deepen fiscal and tax reforms, and strengthen local

Preventing and controlling government debt risks and strengthening budget execution management have effectively promoted sustained and healthy economic and social development.

Since the 18th National Congress of the Communist Party of China, financial departments at all levels have conscientiously studied and implemented a series of new concepts, new ideas and new strategies proposed by the Party Central Committee, and achieved remarkable results in various tasks of financial reform and development.

According to the meeting, since this year, various fiscal reform and development tasks have achieved remarkable results.

We will persist in implementing proactive fiscal policies to keep economic operations within a reasonable range.

The scale of fiscal expenditures has been moderately expanded, and the national fiscal deficit has increased from 1.2 trillion yuan to 2.38 trillion yuan, but the deficit rate has been controlled within 3%.

Implementing large-scale tax cuts and fee reductions, the tax reduction from business tax to VAT in the past five years has reduced taxes by nearly 2 trillion yuan, and 1,368 government funds and administrative fees have been cancelled, exempted, suspended or reduced, involving a reduction of 369 billion yuan

Yuan.

The meeting emphasized that efforts should be made to support the three tough battles of preventing and resolving major risks, targeted poverty alleviation, and pollution prevention and control.

Support the battle to prevent and resolve major risks, focusing on effectively preventing and controlling local government debt risks, resolutely stopping illegal and illegal financing guarantees, and strictly prohibiting disguised borrowing in the name of government investment funds, government-private partnership (PPP), government purchase of services, etc.

To support the targeted fight against poverty, the focus is to focus on areas with deep poverty, target targeted assistance for special poor populations, and strengthen the management of fiscal poverty alleviation funds.

To support the fight against pollution, the focus is to firmly establish the concept that clear waters and lush mountains are valuable assets, to support the solution of outstanding environmental problems, to fight the "blue sky defense battle", and to provide more high-quality ecological products.

Summary: The convening of the National Financial Work Conference marks that the motherland is confident in cracking down on all behaviors that hinder economic progress and also prepares for the economic work in the next year.