Promote the reform of the division of powers and expenditures between the central and local governments; We will comprehensively push forward the "reform of the camp" and include the construction industry, real estate industry, financial industry and life service industry in the pilot scope; Promote the reform of state-owned enterprises; Accelerate the reform of the social security system.

Under the new normal, the problems existing in economic operation have profound supply-side structural and institutional reasons. We must strive to strengthen the supply-side structural reform while moderately expanding the total demand. 20 16 and in the future, how can finance promote the smooth transformation of development momentum through supply-side structural reform? The national financial work conference revealed that it will start from four aspects.

First, accelerate the reform of the fiscal and taxation system. It is noteworthy that the financial sector will promote the reform of the division of central and local powers and expenditure responsibilities, moderately strengthen the central powers and expenditure responsibilities, hand over some matters suitable for local governments to local governments, and reduce the overlapping and joint management of central and local responsibilities; At the same time, improve the income division between the central and local governments and mobilize the enthusiasm of the central and local governments.

20 16 not only comprehensively pushed forward the reform of "reform of the camp, but also included the construction industry, real estate industry, financial industry and life service industry in the pilot scope. Actively promote the reform of personal income tax combining comprehensive and classified, and accelerate the establishment and improvement of personal income and property information systems. Some areas will also carry out pilot projects to change water resources fees into taxes and speed up legislation on environmental protection taxes. In addition, comprehensively promote budget performance management and enhance the sense of responsibility and efficiency of spending money. And continue to actively revitalize the stock of funds and strive to adjust the stock caused by unreasonable expenditure structure.

The second is to accelerate the reform of the financial system. For example, from the financial point of view, support the deepening of the development and supervision of banking, capital market and insurance industry, promote the reform of state-owned financial institutions, and build a multi-level and professional financial institution system; Support the improvement of the interest rate regulation system and the interest rate transmission mechanism. In addition, the finance will vigorously develop inclusive finance and green finance, and study and solve the problems of "agriculture, rural areas and farmers" and small and micro enterprises' financing difficulties and expensive financing; Improve the financial supervision system of financial enterprises, and urge financial enterprises to implement policies such as write-off of bad debts, batch transfer, and loan relief.

Third, vigorously promote the reform of state-owned enterprises. For example, strengthen the supervision of state-owned assets with the focus on managing capital, promote the strategic adjustment of the layout of the state-owned economy, focus on supporting the divestiture of state-owned enterprises to run social functions and solve problems left over from history through the state-owned capital operation budget, improve the allocation and operation efficiency of state-owned capital, and enhance the vitality, control, influence and risk resistance of the state-owned economy. Another example is to speed up the reorganization and formation of state-owned capital investment and operation companies.

The fourth is to speed up the reform of the social security system. "In the structural reform, it is particularly important to establish a fairer and more sustainable social security system." Lou Jiwei said. This requires vigorously promoting institutional innovation, rationally defining the responsibilities of the government and the market, and ensuring a fairer and more sustainable system. In the aspect of old-age insurance, improve personal accounts, adhere to actuarial balance, and further improve the incentive and restraint mechanism of overpayment. On this premise, the national overall planning is implemented, and the adjustment of basic pension is linked to the contribution of payment. In terms of medical insurance, establish a reasonable and sustainable medical insurance financing mechanism. We will promote the reform of public hospitals and primary medical and health institutions, optimize the layout of medical resources in combination with the adjustment of new urbanization, and truly establish an orderly pattern of graded diagnosis and treatment.

Strengthen the implementation of the proactive fiscal policy.

Improve deficit ratio by stages, expand the deficit scale, correspondingly increase the issuance scale of national debt, and reasonably determine the new debt limit of local governments; Strengthen the overall planning of financial funds and revitalize the existing funds; Adjust and optimize the expenditure structure

The implementation of structural reform requires a stable macro-policy and a stable macro-economic environment. According to the deployment of the Central Economic Work Conference, we will continue to implement a proactive fiscal policy in 20 16 and in the future, and intensify our efforts.

We will increase deficit ratio in stages, expand the deficit scale, correspondingly increase the issuance scale of national debt, and reasonably determine the new debt limit of local governments. At the same time, further implement the policy of tax reduction and fee reduction, such as continuing to promote the pilot of "reform of the camp", comprehensively cleaning up and standardizing government funds, improving the supervision mechanism of enterprise-related fees, and resolutely curbing arbitrary charges.

It is necessary to increase the intensity of coordinating financial funds and revitalizing existing funds, and use the funds in the "cutting edge". For example, the surplus funds carried forward from the government fund budget are transferred to the general public budget for overall use according to regulations. For regions or departments with more financial stock funds at the end of last year, the budget scale for the next year will be appropriately reduced; When compiling each project or arranging transfer payment, we must first digest the stock and then consider arranging the increment. Real-time inventory revitalization can be realized. For departmental project budgets with slow implementation progress and transfer payments that are not released in time or idle according to regulations, finance at all levels can be used in a timely manner to co-ordinate areas in urgent need of financial support for economic and social development. Establish a linkage mechanism between treasury balance and transfer payment.

In addition, the expenditure structure will be adjusted and optimized. Lou Jiwei said that it is necessary to reduce general expenditures such as "three public funds" and arrange people's livelihood expenditures in accordance with the basic principles of sustainability and security. At the same time, the central infrastructure investment focuses on ensuring major national projects and key projects, and resolutely withdraws from the general competition field. In addition, innovative financial expenditure methods, on the one hand, market-oriented operation of various investment guidance funds, traction to promote social investment, and play the role of financial funds "four or two"; On the other hand, promote the operation of PPP financing support fund as soon as possible, and increase the promotion of PPP norms and the landing of projects.