This year, the central government's transfer payments to local governments exceeded 10 trillion yuan, securing the bottom line financial resources of grassroots "three guarantees" | Ministry of Finance | Bottom line
CCTV News: This morning, the Ministry of Finance held a press conference to announce the fiscal revenue and expenditure situation for the first half of 2023. Ensuring basic people's livelihoods, wages, and transportation are the "three guarantees" that we often hear. Ensuring that financial resources truly sink to the grassroots level and enhancing the "three guarantees" capability at the grassroots level is an important task of this year's financial work. Today, the relevant person in charge of the Ministry of Finance stated that in the first half of this year, the central government has taken various measures such as increasing transfer payments, linking up and down, and firmly securing the bottom line of grassroots "three guarantees".
In terms of increasing the intensity of transfer payments, data shows that in 2023, the central government arranged a transfer payment of 10.06 trillion yuan to local governments, with a growth of 7.9% after excluding special transfer payments to support grassroots implementation of tax reduction and fee reduction and key livelihood issues.
Li Dawei, Deputy Director of the Budget Department of the Ministry of Finance: As of the end of June, the central government has issued 91.1% of transfer payments to local governments, and all eligible payments have been issued, providing strong financial support for local governments to do a good job in grassroots "three guarantees".
![This year, the central government's transfer payments to local governments exceeded 10 trillion yuan, securing the bottom line financial resources of grassroots "three guarantees" | Ministry of Finance | Bottom line](https://a5qu.com/upload/images/ac6c907fa042548a9ef820aa177c506d.jpg)
Li Dawei introduced that the central government has continuously placed the "three guarantees" work in a prominent position, implemented a hierarchical responsibility system, strictly controlled fiscal expenditures, and seriously investigated and dealt with various illegal and irregular issues in the "three guarantees" field. At the same time, strengthen monitoring of local financial operations.
Li Dawei, Deputy Director of the Budget Department of the Ministry of Finance: We will pay special attention to areas with weak financial resources and high risks, promptly identify and properly handle risks and hidden dangers in financial operations, and ensure that the "three guarantees" in areas with weak financial resources are not problematic. Guide local governments to lower their financial resources to the grassroots level and work together to ensure the "three guarantees" at the grassroots level.