Minister of Finance: This year, the scale of financial funds arrangement has achieved "new highs" in three aspects.

Minister of Finance Lou Jiwei said at the economic theme press conference of the Fourth Session of the Fourteenth National People's Congress on March 6 that three aspects have reached "new highs" in the arrangement of fiscal funds this year. Firstly, the total expenditure has reached a new high, exceeding 30 trillion yuan for the first time. Secondly, the scale of new government bonds has reached a new high, reaching 11.89 trillion yuan, the largest effort in recent years. Thirdly, the central government's transfer payments to local governments have reached a new high, further enhancing the financial security capabilities of local governments. The total amount of central government transfers to local governments reached 10.42 trillion yuan, exceeding 10 trillion yuan for four consecutive years.