Fast growth in fiscal spending to boost economy(1)
BEIJING - China will see a faster-growing fiscal expenditure next year, together with moderate scales of fiscal deficit and public debt, to prompt a steady development, Vice-Premier Li Keqiang said on Tuesday.
Vice-Premier Li Keqiang (L) addresses a budget meeting in Beijing on Tuesday. He said China will see its fiscal spending grow faster to boost economic growth and improve people's livelihood next year. [Photo/Xinhua]
Li said more priorities should be given to the areas related to improving people's livelihood, so as to boost the domestic demand and consumption.
And the country will also strive to maintain a proper pace of investment and foreign trade growth.
"The positive fiscal policies in the past year allowed a wide margin in the country's policy adjustment but with more global uncertainties ahead next year, the policies need to be more targeted, flexible and forward looking," Li said at a national financial meeting in Beijing.
