In promoting economic recovery and development, macroeconomic policies have received high attention from the market. After the Politburo meeting of the Central Committee clarified the need to increase macroeconomic policy regulation, proactive fiscal policies have been strengthened in various aspects such as spending, tax and fee reductions, and special bonds to improve efficiency. They continue to play an important role in promoting economic recovery and improvement, and are expected to further show effectiveness in the future. Economy determines finance. The latest data shows that in the first 8 months, the general public budget revenue increased by 10% year-on-year, which is basically consistent with the positive trend of economic recovery. This is not only influenced by factors such as the implementation of large-scale value-added tax retention, offset, and refund policies in the same period last year, which have lowered the base, but also clearly benefited from the continuous economic recovery since the beginning of this year. At the same time, proactive fiscal policies strongly support economic development. Accelerate the pace of fiscal expenditure, maintain necessary expenditure intensity, and provide stronger impetus for economic recovery. In the first 8 months, the national general public budget expenditure increased by 3.8% year-on-year, significantly higher than the growth rate of 3.3% in the first 7 months, and expenditures in key areas such as people's livelihood were well guaranteed. In addition, the issuance and utilization of special bonds have accelerated, and nearly 80% of the annual new special bond quota has been completed in various regions, driving the expansion of effective investment. According to data from the National Bureau of Statistics, infrastructure investment grew rapidly in the first eight months, with special bonds playing a crucial role. It is worth noting that the continuation of tax reduction and fee reduction, as well as the optimization of a series of phased policies, fully reflects the principle of "making good use of policy space and finding the right direction for development". In recent years, China has continuously implemented large-scale tax and fee reductions, and the tax burden of business entities has significantly decreased, with objectively limited policy space. Under the requirement of increasing macro policy support, a series of phased tax and fee preferential policies have been continued and optimized, especially focusing on supporting the real economy and technological innovation, increasing income, promoting consumption, and other fields. This has "squeezed out" new space for burden reduction, reflecting precision and effectiveness. The policy intensity has exceeded expectations. A series of policy effects are reflected in the economic operation and fiscal revenue and expenditure data of the first 8 months. For these data, some institutions have analyzed that "the positive background of fiscal policy is gradually showing". In fact, the policy signal of "boosting efficiency" is very clear, and in the next step, proactive fiscal policies will provide stronger impetus for the economic recovery and improvement. Further unleashing and releasing policy dividends. A series of policy measures recently released and implemented are being transmitted to the real economy, benefiting a wide range of business entities and the people. For example, allowing enterprises to enjoy the policy of deducting R&D expenses in advance and increasing the pre payment declaration period in July of the same year as the policy point has benefited many enterprises. By increasing the three special additional deductions for personal income tax, many people can see an increase in deductions and a decrease in personal income tax on their payrolls in September. The implementation of this policy has a significant effect on boosting consumption. In addition, efforts will be made to complete the issuance of new special bonds by the end of September, and the funds for special bonds used for project construction will be fully utilized by the end of October, which will more effectively leverage the leverage of government investment, further driving investment growth. The effectiveness of these policies will be more fully reflected in the next stage. The policy "combination punch" is more coordinated and powerful. In the process of macroeconomic regulation, policies such as finance, currency, industry, and employment must