Active fiscal policy is proactively boosting growth in the front, and there is sufficient room for "continued efforts" in the second half of the year.

date
10/07/2025
Since the beginning of this year, an proactive fiscal policy has been vigorously implemented. On one hand, it has further promoted consumption, expanded investment, stabilized foreign trade, and benefited people's livelihood through issuing and using super long-term special national bonds, local bonds, etc. On the other hand, it has accelerated the replacement of implicit debts, further alleviating the pressure of local debt repayment. Experts believe that looking ahead to the second half of the year, fiscal policy is expected to "accelerate" and "increase in quantity." In addition to speeding up the implementation of existing policies to see results, new reserve policies will be timely introduced according to changes in the situation. There is still room for future fiscal policy to "continue to exert force," considering continuing to increase the issuance of special national bonds, increase the strength of special bond collections, and the issuance of policy-based financial instruments.