On November 8th, Minister of Finance Lan Foan said that the replacement, which has been intensively arranged for 8.40 trillion yuan in the past three years, has significantly reduced the scale of hidden debt that local governments need to digest in recent years, allowing local governments to unload their burdens and go light. At the same time, since the interest rate of statutory debt is much lower than the interest rate of hidden debt, the replacement will greatly save local interest expenses. ...
On October 12, Minister of Finance Lan Foan said on October 12 that the implementation plan for deepening the reform of the fiscal and taxation system should be released as soon as possible. It will adhere to the problem-oriented and goal-oriented, focus on accelerating the reform and promoting the scientific management and organic integration of finance, and actively respond to social and grassroots concerns. The implementation plan for deepening the reform of the fiscal and taxation system has...