The Financial Secretary, Chen Maobo, published a blog yesterday. He said that the fiscal policy will be adjusted according to the circumstances. The fiscal policy of the next year will focus on strengthening economic momentum and controlling public spending. Among them, some of the relief measures that have been introduced for many years may need to be adjusted. The government will try to mitigate the impact on vulnerable communities. However, we hope to gain the understanding, understanding and support of the public for the links that must be reduced, and even the additional tax burden that may have to be shared. Chen Maobo said that the day before yesterday, he exchanged views with nearly 100 citizens on the budget, from medical care, people's livelihood to housing, and from economic development to public finance. In summary, the issues of public concern mainly include three aspects: the sustainability of public finance, the economy? The process of recovery and the immediate needs of the people's livelihood. Chen Maobo said that the fiscal policy of the next year will transition from "fairly loose" to "moderately loose". The government should not only focus on supporting the weak, but also strengthen the economic momentum to further enhance the confidence of citizens in economic improvement, and also focus on controlling public expenditure to maintain the market's confidence in the stability of government finance. He pointed out that in the fight against the epidemic and the economic downturn, the government has adopted expansionary fiscal policies and strengthened its support to the public and small and medium-sized enterprises through counter-cyclical measures. The measures achieved the expected results and were recognized by the market and rating agencies. However, plagued by the epidemic, the fiscal deficit in 2020/21 will reach more than 200 billion yuan, and the deficit in 2022/23 is expected to reach more than 100 billion yuan. Chen Maobo also said that the government's strategy is a better combination of "promising government" and "efficient market" to create a vigorous economic development and constantly enhance the momentum of development. Simply reducing expenses will not help increase future income. From investing heavily in Chuangke in the past few years to attracting enterprises and talents, we hope to strengthen the economic momentum, let Chuangke application assist the upgrading and transformation of traditional industries, and let innovative technology promote the growth of emerging industries. He stressed that to make the economy more vigorous and diversified, so as to create more high-quality employment opportunities, is not only about the economy, but also about people's livelihood. (Xinhua News Agency)