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[Ministry of Finance: Increase Counter-cyclical and Cross-cyclical Adjustments to Enhance Macroeconomic Governance Effectiveness] On December 12, Lan Fo'an, Secretary of the Party Group and Minister of Finance, chaired a Party Group meeting to convey and study the spirit of the Central Economic Work Conference and to study the implementation work of the finance department. The meeting pointed out that, in accordance with the arrangements of the Central Economic Work Conference, next year's policy orientation should adhere to the principle of seeking progress while maintaining stability, improving quality and efficiency, leveraging the integrated effect of existing and new policies, increasing counter-cyclical and cross-cyclical adjustments, and enhancing macroeconomic governance effectiveness. The finance department should accurately grasp the overall requirements and policy orientation of next year's economic work, maintain the necessary fiscal deficit, total debt scale, and total expenditure, and improve the precision and effectiveness of policies. It should make full use of various types of government bond funds, issue ultra-long-term special treasury bonds, and continue to support the construction of "two major projects" and "two new initiatives." It should support the optimization of the implementation of "two new" policies, make good use of the "double interest subsidy" policy for personal consumer loans and loans to service industry operators, and vigorously support the implementation of special actions to boost consumption. The scale of central government budgetary investment will be appropriately increased, the implementation of key projects will be optimized, and the management of local government special bonds will be improved to better leverage the driving effect of government investment and promote the stabilization of investment. Scientific fiscal management will be strengthened, the structure of fiscal expenditures will be optimized, and tax incentives and fiscal subsidies will be standardized. Coordination between fiscal and financial policies will be strengthened to ensure they work in the same direction and form a synergy. Addressing local fiscal difficulties will be prioritized, and the bottom line of basic public services at the grassroots level will be firmly secured. Local government debt risks will be actively and orderly resolved, and local governments will be urged to proactively reduce debt, while strictly prohibiting the creation of new hidden debt in violation of regulations. Financial discipline will be strictly enforced, and Party and government organs must adhere to austerity measures. A sound expectation management mechanism will be established to boost social confidence. Planning and implementation of next year's fiscal work should be carried out early and in detail to further improve the effectiveness of fiscal macro-control and effectively promote the sustained and healthy development of the economy and society.