The report on the implementation of China's fiscal policies in the first half of 2022 (hereinafter referred to as the report) recently released by the Ministry of finance shows that in the first half of the year, the Ministry of Finance implemented the requirements of "improving the efficiency of proactive fiscal policies, paying more attention to accuracy and sustainability", strengthened the unified planning of financial resources, implemented new combined tax and fee support policies, rationally arranged the debt scale, ensured the intensity of fiscal expenditure, optimized the focus and structure of expenditure, Promoting the sinking of financial resources and continuously improving people's livelihood have played a positive role in stabilizing the macro-economic situation. According to the report, the budget implementation in the first half of the year was generally good. From January to February, the national general public budget revenue increased by 10.5% year on year. In March, affected by the complicated situation and epidemic situation at home and abroad, the income growth rate of that month dropped to 3.4% year-on-year. 4. In May, due to the impact of the centralized implementation of the value-added tax rebate policy, the fiscal revenue declined. With the gradual improvement of the epidemic situation and the further manifestation of the effect of the economic stabilization policy, the fiscal revenue in June stabilized and rebounded, with an increase of 5.3% after deducting the tax rebate factors, and the growth rate changed from negative to positive. In the first half of the year, the finance and taxation departments adhered to the combination of phased measures and institutional arrangements, increased tax rebates, reduced taxes and fees by 507.4 billion yuan, and handled tax rebates of 1845.5 billion yuan. They effectively reduced the burden and alleviated the difficulties of market participants, effectively boosted the confidence of market participants, and strengthened the endogenous driving force for development. In the first half of the year, the financial department deepened and refined the reserve of special bond projects, made good use of the full use of special bonds as the capital of major projects, optimized the investment areas of special bonds, and expanded effective investment. From January to June, all localities issued a total of 3.41 trillion yuan of new special bonds, basically completing the issuance task. (news agency)