Financial policy is the basic norm for the state to guide financial distribution activities and deal with various financial distribution relations. It is the objective reflection of fiscal revenue distribution and social relations on the will of the country. Under the condition of modern market economy, fiscal policy is also a tool for the state to intervene in the economy and achieve macroeconomic goals.
What are the fiscal policies?
A proactive fiscal policy can build a country's social basic system and basic education facilities through financial investment and financing, adjust the economic organization structure of enterprises, guide, promote and support industrial upgrading, form new economic growth points, promote investment, increase students' employment, expand domestic demand, and make the domestic economy develop in a balanced and sustainable way.
Tax policy can regulate personal income. The personal income adjustment effect of taxation means that the government changes and adjusts the market distribution results of all residents' income according to the requirements of the principle of social equity, and promotes social stability and economic development. Fiscal and taxation policies have the functions of controlling the deficit, increasing revenue and reducing expenditure, and promoting reform and structural adjustment.
1, financial investment
By allocating funds from the state budget, we will guide the flow of extra-budgetary funds, consolidate and expand the socialist economic base, and adjust the industrial structure.
2. Financial subsidies
According to the objective requirements of the law of economic development and the policy needs in a certain period, the state directly or indirectly provides financial subsidies to farmers, enterprises, workers and urban residents through financial transfer payments, so as to achieve the goal of stable and coordinated economic development and social stability.
3. Financial credit
It is a means for the state to raise and use financial funds according to the principle of compensation, including issuing public bonds and special bonds at home, issuing government bonds abroad, borrowing from foreign governments or international financial organizations, and using budgetary funds with compensation.
4. Financial legislation and law enforcement
It is the state's legal recognition of fiscal policy through legislation, and requests the judicial organs to judge and punish all kinds of acts that violate financial laws and regulations (such as tax evasion and tax refusal) in accordance with the law, so as to ensure the realization of fiscal policy objectives.