在政策取向上，我们将坚持稳中求进、提质增效，发挥存量政策和增量政策集成效应，加大逆周期和跨周期调节力度，切实提升宏观经济治理效能。
In our policy orientations, we will continue to pursue progress while ensuring stability, improve both the quality and performance of growth, boost synergy between adopted policies and new ones, enhance counter- and cross-cyclical adjustments, and make macroeconomic governance more effective.
继续实施更加积极的财政政策。今年赤字率拟按 4%左右安排，赤字规模 5.89 万亿元、比上年增加 2300 亿元。一般公共预算支出规模将首次达到 30 万亿元、比上年增加约 1.27 万亿元。拟发行超长期特别国债 1.3 万亿元，持续支持“两重”建设、“两新”工作等。拟发行特别国债 3000 亿元，支持国有大型商业银行补充资本。
We will continue to implement a more proactive fiscal policy.The deficit-to-GDP ratio for this year is set at around 4 percent. The government deficit is set at 5.89 trillion yuan, 230 billion yuan more than last year. Expenditure in the general public budget is projected to reach 30 trillion yuan for the first time, an increase of about 1.27 trillion yuan over last year. A total of 1.3 trillion yuan of ultra-long special treasury bonds will be issued to provide continued support for endeavors such as implementing major national strategies, enhancing security capacity in key areas, and carrying out large-scale equipment upgrades and consumer goods trade-in programs. A total of 300 billion yuan of special treasury bonds will be issued to enablelarge state-owned commercial banks to replenish their capital.
【注：“两重”，是“国家重大战略实施和重点领域安全能力建设”的简称。“两新”是指推动新一轮大规模设备更新和消费品以旧换新。】
拟安排地方政府专项债券 4.4 万亿元，完善专项债券项目负面清单管理和自审自发试点，重点支持建设重大项目、置换隐性债务、消化政府拖欠账款等。
This year, 4.4 trillion yuan of local government special-purpose bonds will be issued. We will improve negative list-based management of projects funded by these bonds and fine-tune trials to enable the prompt issuance of special-purpose bonds upon provincial-level review and approval. The funds raised will be used mainly to support major projects, replace hidden debts, and settle overdue payments owed by governments.
今年财政支出继续保持相当规模，要持续用力优化支出结构，更加注重支持提振消费、投资于人、保障民生等方面，提高财政资金使用效益。
Government spending this year will continue to be fairly large in scale. More will be done to optimize its structure so that fiscal funds are used more cost-effectively, with priority given to boosting consumption, investing in people, and raising living standards. （句式调整）
