How Fiscal Policy Can Improve Efficiency: Fiscal Operational Analysis and Recommendations in 2022


2022-01-14: [Article Link] How fiscal policy can improve effectiveness: fiscal performance analysis and recommendations 2022 Survey and Research Report [No. 8 of 2022 (total No. 6522)] Summary: In 2021, in the context of sustained economic recovery and a return to fiscal equilibrium, public finances contracted, general public budgets were overpaid, fiscal beats were overstretched, tax structures were optimized, and fiscal expenditure highlighted the safeguards function. In 2022, fiscal revenues are expected to grow steadily and the financial resources available are more adequate in conjunction with the carry-over from the previous year. There will be moderate growth in government debt and a moderate decline in government leverage. Capital investment, if it is to be proactive, will need to break the constraints of declining rates of return on projects, increasing negative lists of areas of investment and declining revenues from land concessions. The scale of the tax deductions was controlled over the previous year and the objectives were further focused. In the face of the triple pressures of economic development, the Party's central Government has proposed that active fiscal policy be continued and that active fiscal policy be made more effective. The implementation of this requirement will ensure the intensity of fiscal spending, speed up spending, optimize fiscal spending structures, improve fiscal policy precision, maintain steady and steady progress and focus on fiscal sustainability. Keywords: fiscal operations Fiscal policies Increased effectiveness


Note: This is a translated version of the Chinese news media article. A mature and nuanced reading is suggested.






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How Fiscal Policy Can Improve Efficiency: Fiscal Operational Analysis and Recommendations in 2022


2022-01-14: [Article Link] How fiscal policy can improve effectiveness: fiscal performance analysis and recommendations 2022 Survey and Research Report [No. 8 of 2022 (total No. 6522)] Summary: In 2021, in the context of sustained economic recovery and a return to fiscal equilibrium, public finances contracted, general public budgets were overpaid, fiscal beats were overstretched, tax structures were optimized, and fiscal expenditure highlighted the safeguards function. In 2022, fiscal revenues are expected to grow steadily and the financial resources available are more adequate in conjunction with the carry-over from the previous year. There will be moderate growth in government debt and a moderate decline in government leverage. Capital investment, if it is to be proactive, will need to break the constraints of declining rates of return on projects, increasing negative lists of areas of investment and declining revenues from land concessions. The scale of the tax deductions was controlled over the previous year and the objectives were further focused. In the face of the triple pressures of economic development, the Party's central Government has proposed that active fiscal policy be continued and that active fiscal policy be made more effective. The implementation of this requirement will ensure the intensity of fiscal spending, speed up spending, optimize fiscal spending structures, improve fiscal policy precision, maintain steady and steady progress and focus on fiscal sustainability. Keywords: fiscal operations Fiscal policies Increased effectiveness

Note: This is a translated version of the Chinese news media article. A mature and nuanced reading is suggested.

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