Woofun AI reports that the Ministry of Finance has implemented a proactive fiscal policy this year, with the total budget for fiscal expenditures exceeding 30 trillion yuan for the first time. New government bond issuance reached a record high of 11.89 trillion yuan, while central transfers to local governments totaled 10.42 trillion yuan, marking the fourth consecutive year above the 10 trillion yuan threshold.

Liao Min, vice minister of the Ministry of Finance, outlined that fiscal efforts in the second half of the year will focus on accelerating fund utilization, boosting domestic demand, and strengthening fiscal reform. The ministry stated it will develop practical measures based on macroeconomic conditions to support economic quality improvements and reasonable growth.