Ministry of Finance: In 2025, issue ultra-long-term special government bonds worth 1.3 trillion yuan to continuously support "two highs" and "two new"

Today (January 20), the State Council Information Office held a press conference where relevant officials from the Ministry of Finance introduced the role of proactive fiscal policy in promoting high-quality economic and social development. In 2025, efforts will focus on boosting consumption. A special long-term government bond of 1.3 trillion yuan will be issued to continuously support "two new" and "two heavy" initiatives, including an allocation of 300 billion yuan for consumer goods replacement subsidies, providing "real financial support" for the public's consumption, driving related product sales to exceed approximately 2.6 trillion yuan, and accelerating the entry of a large number of green, low-carbon, and intelligent products into people's lives, while continuously improving the quality of life for the people and promoting economic transformation and development. (CCTV News)