Starting today, the "national subsidy" for mortgage interest is launched, and another incremental fiscal policy will be introduced.

Mortgage interest fiscal subsidies are called "national subsidies" for mortgage interest by some ordinary people, and this people-benefiting policy officially begins today. Multiple fiscal and tax experts said that the implementation of the mortgage interest "national subsidy" policy can reduce the mortgage costs of home purchases for low- and middle-income groups, help more people have a place to live, reflect the use of more fiscal funds to "invest in people," and help support reasonable housing demand, promote the stabilization of the property market, and boost consumption. The mortgage interest "national subsidy" policy is only one of the incremental fiscal policies introduced by the state in the fourth quarter, and another incremental fiscal policy is also being prepared for introduction. The State Council executive meeting held on September 28, when deploying the introduction of a batch of pragmatic and effective incremental policies, required "making good use of the remaining local government debt limits." Multiple fiscal and tax experts told Yicai that this means that in the fourth quarter of this year, local governments can use the stock of debt limits to issue an additional portion of new local government bonds, raise funds for project construction and other purposes, and thereby promote stable economic growth.