Ministry of Finance: Raise the fiscal deficit rate and arrange for larger government bonds

On December 24th, the National Financial Work Conference was held in Beijing. The meeting pointed out that in 2025, we should implement a more active fiscal policy, continue to work hard and be more awesome, and play a good policy "combination fist". First, increase the fiscal deficit rate, increase the intensity of expenditure, and speed up the progress of expenditure. Second, arrange larger-scale government bonds to provide more support for stabilizing growth and adjusting the structure. Third, vigorously optimize the expenditure structure, strengthen precise investment, and pay more attention to benefiting people's livelihood, promoting consumption, and increasing stamina. Fourth, continue to work hard to prevent and defuse risks in key areas, and promote stable fiscal operation and sustainable development. Fifth, further increase transfer payments to local governments, enhance local financial resources, and strengthen the bottom line of the "three guarantees" at the grassroots level.