Aug 21 — Vice Minister Liao Min told a State Council Information Office briefing
that during the 15th Five‑Year Plan period the Ministry of Finance will boost
the effectiveness and precision of fiscal macro‑management. To stabilise growth,
employment and expectations it will step up counter‑cyclical and cross‑cycle
adjustments and keep a necessary deficit scale and spending intensity while
optimising spending composition and concentrating funds on major national
strategic tasks. The ministry said it will place greater emphasis on investment
in people, reasonably raise the share of public‑service spending in total fiscal
outlays, and expand development space by prioritising livelihood needs.
