On January 10, the State Council Information Office held a series of press conferences on "The Achievements of High-Quality Development of China’s Economy." At the meeting, Liao Min, Vice Minister of Finance, stated that the allocation and use of financial funds will focus more on goal-oriented and performance-oriented approaches, accelerating the progress of fund allocation and disbursement, managing and utilizing precious financial resources well, and allowing the same amount of money to achieve greater benefits. The Ministry of Finance will continue to insist that party and government agencies lead frugal lives, oppose extravagant waste, strictly prohibit the construction of vanity projects and image projects, and allocate more funds to key areas and those most in need. At the same time, the Ministry of Finance will focus on optimizing incremental funds and revitalizing existing funds together, ensuring good use of incremental funds while making efforts to revitalize existing funds, effectively improving the allocation efficiency of financial resources. In 2025, the Ministry of Finance will strengthen the coordination between fiscal policies and MMF, emphasizing the enhancement of policy synergy and multiplier effects, and through the utilization of public funds, drive and stimulate more credit funding and social capital investment, restoring market confidence, thereby playing an active role in expanding domestic demand and supporting stable and healthy economic development.
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财政部:加快资金下达拨付进度,让同样的钱花出更大的效益
Ministry of Finance: Accelerate the progress of fund allocation and disbursement, allowing the same amount of money to generate greater benefits.
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