One of the biggest highlights of this year's government work report is the unprecedented proactive fiscal policy. Its concentrated reflection is the significant increase in expenditures, debts, and deficits on the basis of the previous year. The scope of the use of huge expenditures is very broad, but the focus is on four key aspects, each with clear and thoughtful considerations behind it, which is expected to have a profound positive impact on the long-term economic development in the future. The first key aspect is to prevent and resolve debt risks, mainly local government debt, especially in high-risk areas. The debt issue is of great importance and should be handled as a priority. It cannot become a burden that hinders economic development, nor can it become a source of triggering systemic risks. But this is just a bottom line requirement. A further requirement is to use properly handled and managed debt as an effective tool to open the door to investment and stimulate domestic demand. The key to debt problems lies not in the scale of debt, but in effectively controlling risks and ensuring that 'debt is converted into high-quality assets' on this basis. As long as there are high-quality assets, there is no real debt problem. But this requires meeting a prerequisite, which is to handle the accumulated debt problem in the past. The second key aspect is to stabilize the national banking system, with a focus on supporting large state-owned commercial banks to supplement capital. The financial system is the core of modern market economy, and state-owned large commercial banks are the backbone of it. Supplementing capital is of great significance, as the sufficient and stable capital, especially core capital, is the cornerstone for the long-term survival and stable and healthy development of banks. The phrase 'unstable capital and shaking mountains' is not an exaggeration. Over the years, national commercial banks have made significant contributions to economic development, but have also accumulated many problems, especially various vulnerabilities related to capital. The earlier this problem is solved, the better. If it is treated as a chronic disease that has been left untreated for a long time, the consequences will be unimaginable. The third key aspect is to stabilize the real estate market, including the acquisition of existing commercial housing, which is quite remarkable. Stabilizing the real estate market has global and strategic significance, and is closely related to people's lives and sources of income. The real estate problem did not freeze three feet in a day and cannot be solved in one battle. But actively implementing fiscal policies towards this area can strongly demonstrate the government's determination and responsibility. The fourth key aspect is to strengthen public services, focusing on helping students and elderly people who benefit from a wide range of social bottom groups, as well as building a solid bottom line for the "three guarantees" at the grassroots level (guaranteeing basic livelihood, wages, and transportation). Actively exerting efforts in this regard not only reflects the government's purpose of serving the people, but also brings tangible benefits to the general public. In summary, the answer to "why increase fiscal expenditure this year" can be summarized in three sentences: consolidating past development achievements, building a solid bottom line to ensure basic livelihood, and expanding future medium - and long-term development space. This year, the government will strive to achieve the above goals through active fiscal policies. The core value of this move lies not only in sending a signal of "more proactive finance", but also in conveying confidence to the outside world: although the challenges facing China at present cannot be underestimated, the Chinese government has enormous financial strength and sufficient capabilities to meet the challenges and overcome difficulties. The signal significance of a more proactive fiscal policy lies in conveying the government's confidence and determination to society and the people, allowing the whole country to see the direction and hope for progress. (New Society)