Finance Minister Lan Fuanan: Make better use of a more proactive fiscal policy, and increase the intensity of fiscal counter-cyclical adjustments.

Minister of Finance Lian Faan expressed in a newspaper article that we should make good use of a more proactive fiscal policy, and increase the intensity of fiscal counter-cyclical adjustments. Speed up the issuance and use of ultra-long-term special national bonds and local government special bonds, and form tangible work results as soon as possible. Utilize fiscal funds to guide and drive effects, and continuously release the effectiveness of various policies. Implement various fiscal and tax policies to help enterprises, effectively improve the economic micro-circulation. Coordinate the use of special funds, tax incentives, government procurement, and government investment funds and other policy tools to support the transformation and upgrading of traditional industries, the development and growth of emerging industries, and the forward-looking layout of future industries. Guide and urge local governments to do a good job in replacing hidden debts, actively and prudently resolve local government debt risks.