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We will actively promote the establishment of a financial system that meets the requirements of high-quality development in the Xiongan New Area

According to the fourth plenary session of the party's 19th about the optimization of the intergovernmental governance and financial division, the formation of stable at all levels of government powers and expenditure responsibility and adapt to the financial system "requirements, hebei administration closely around new requirements on new functions transformation, with a strong work force perfect male Ann district financial system problems in-depth study, promote male orientation, construction requirements and Ann new city construction and development of financial resources that match the financial system.


1, adhere to the goal - oriented, clear the new financial system reform ideas. Adhere to the concept of "overall planning, itemized quantification, mutual coordination and outstanding performance", and coordinate the financial relationship between the New District Administrative Committee and the three county governments and xiongan Group from the perspective of the main body; From the perspective of mechanism, it organically integrates budget management, expenditure management, debt management and state-owned capital management on the basis of fiscal system management. From the perspective of functions, we will effectively align the management objectives and guidance of optimizing the allocation of fiscal resources, managing basic public service standards, preventing and controlling government debt risks, and increasing the value of state-owned capital operations, so as to strengthen the foundation and important pillar role of public finance.


2. Implement the reform requirements and explore the direction of financial system reform in the New District. Reasonably define the boundary between the government and the market, and define the authority of the government of the new District in accordance with relevant laws and regulations and the established plan of the new District. We will strictly implement the central government's clear principle of dividing powers among governments, and clarify the powers and spending responsibilities of governments at all levels in the New Zone. We should rationally determine the tax sharing system, give play to the role of tax revenue as the main body of financial adjustment, and supplement it with financial transfer payment, so as to ensure that the financial resources of governments at all levels match their expenditure responsibilities.


Source: Ministry of Finance, PRC