On March 6, Lan Fo'an, Minister of Finance, said at the economic theme press conference held at the third session of the 14th National People's Congress that the central finance has reserved sufficient reserve tools and policy space to deal with possible uncertainties inside and outside the country; We will research and formulate more powerful and precise policy measures to provide tangible support for boosting consumption; Guide local governments to issue and use this year's 2 trillion yuan replacement bond quota as soon as possible, and make it an iron discipline not to increase implicit debt. The government work report submitted for review on March 5th, which timely researched and introduced new incremental policies, deployed more proactive fiscal policies. Lan Fo'an said that "more positive" is the first word in many years, which can be understood as "continuous effort and more awesome". On the one hand, efforts should be made to implement the stock policies well, and to ensure the implementation and effectiveness of the package of policies introduced in the fourth quarter of last year, to ensure that the policy effects continue to be effectively released this year. On the other hand, practical measures should be taken in planning incremental policies, making full use of policy space, focusing on benefiting people's livelihoods, promoting consumption, and increasing momentum. New incremental policies should be timely researched and introduced, and efforts should be made to ensure greater intensity, stronger targeting, and greater sense of achievement in all aspects. To cope with possible internal and external uncertainties, the central government has also reserved sufficient reserve tools and policy space Lan Fu'an said. When it comes to boosting consumption, Lan Fo'an stated that he will coordinate stock policies and incremental policies, optimize supply and expand demand, boost consumption and improve people's livelihoods, stimulate current consumption and enhance economic development momentum, research and formulate more powerful and precise policy measures, and provide practical support to boost consumption. Intensify direct subsidies to consumers, expand the scope of consumer goods trade in, and unleash consumer demand. Resolutely curb the increase of implicit debt. Regarding the debt swap policy, Lan Fo'an introduced that the swap policy has achieved a good start and its effectiveness is continuously being released. After the introduction of the trade in policy, various regions quickly arranged and implemented it Lan Fo'an stated that as of March 5th this year, local governments have issued a total of 2.96 trillion yuan in replacement bonds. The 2 trillion yuan replacement bonds issued last year saw an average decrease of over 2.5 percentage points in interest rates, with some regions experiencing more significant declines. It is expected that the 5-year interest on these replacement bonds will decrease by more than 200 billion yuan, greatly reducing local financial pressure and interest expenses. Lan Fo'an stated that he will persist in developing debt in the process of development and strive to achieve greater results. The next step is to focus on three aspects of work. One is to accelerate the implementation of detailed debt replacement policies. Guide local governments to issue and use this year's 2 trillion yuan replacement bond quota as soon as possible, accurately replace implicit debts, supervise the entire process and chain of replacement funds, and achieve early power and early results. Secondly, we will continue to promote the reform and transformation of financing platforms. Peel off the government financing function of the platform, promote market-oriented transformation based on the actual classification of enterprises, strictly prevent state-owned enterprises and institutions from putting on a "new vest", and cut off the "tentacles" of borrowing through channels. Thirdly, we must resolutely curb the increase of implicit debt. Further improve the monitoring system, make curbing illegal and irregular borrowing a key focus of fiscal supervision, take not adding hidden debts as an iron discipline, and resolutely prevent old accounts from being turned into new ones. (New Society)