On August 21, Vice Minister of Finance Liao Min said at the press conference of the State Information Office that during the “15th Five-Year Plan” period, the Ministry of Finance will pay more attention to improving the effectiveness and accuracy of financial macro-control. Focusing on the policy goals of steady growth, stable employment, and stable expectations, countercyclical and cross-cycle adjustments should be increased. While maintaining the necessary deficit size and expenditure intensity, efforts should also be made to optimize the expenditure structure and concentrate financial resources to guarantee the country's major strategic tasks. We will focus more on investing in people and reasonably increase the share of public service expenditure in fiscal expenditure, especially in meeting people's livelihood needs to expand development space.

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