Recently, the "Report on the Implementation of the Central and Local Budgets in 2024 and the Draft Central and Local Budgets in 2025" has been fully published. Let’s take a look at the new list in this year’s “National Ledger”.

300 billion yuan! Increased support for consumer goods trade-in

The budget report released the main fiscal policies for this year (2025), among which the first one is to "support expanding domestic demand" and "vigorously boost consumption." At present, local governments are also adapting to local conditions and increasing their investment in supporting consumer goods for new products.

In the past two days, a kitchen and bathroom store in Nantong, Jiangsu has ushered in a new wave of consumption peak.

Mr. Yang, a citizen of Nantong, Jiangsu Province: I have been doing renovations recently, so I came here to take a look. I happened to see that there are subsidies here today, so I think it is quite preferential.

According to the central fiscal budget arrangements, 300 billion yuan of ultra-long-term special government bonds will be issued this year to support consumer goods traded for old products, an increase of 150 billion yuan over the previous year. In order to ensure the sustainability and stability of the implementation of the "old-for-new" policy, this year the central government has issued 81 billion yuan of the first batch of funds for the old-for-new consumer goods in advance.

· Shenzhen recently proposed to increase efforts to support consumer goods for new products, and expand the categories of home appliance products to intelligent new consumer products such as AI smart glasses, sweeping (mopping) robots, and provide a maximum subsidy of 2,000 yuan for individual consumers to purchase home appliances and digital products at the sales price.

·Heilongjiang has fully allocated 1 billion yuan of ultra-long-term special treasury bond funds and 50 million yuan of provincial supporting funds in various places.

·In Guangdong, the local financial department has just obtained the pre-allocated funds and has also begun a new round of consumer goods trade-in work.

According to the budget report, not only the coverage of the policy of ex-new consumer goods policy is expanded, but the subsidy declaration process will also be optimized, and the recycling and utilization system must also be improved. At the same time, this year, we will expand the consumption of health and elderly care services and promote the accelerated development of new hot spots in consumption such as digital, intelligence, culture and tourism, and sports.

The agricultural machinery update list is new, and the spring plowing "acceleration" will be achieved.

This year, 200 billion yuan of super-long-term special government bonds will be allocated to support equipment updates. At present, spring plowing has begun in various places, and fiscal funds are stepping up support for the equipment update of agricultural machinery.

In the past two days, in a large agricultural machinery market in Hubei, many farmers have come to buy their favorite agricultural machinery, among which high-performance, intelligent and intelligent agricultural machinery has become everyone's first choice.

Agricultural Machinery Man Wan Dayan, Puji Town, Jiangling County, Jingzhou City, Hubei Province: This car is very good, and the subsidy is greater than before. This car is supplemented by more than 30,000 yuan. If I change the old car, I can also supplement it to about 9,000 yuan to 10,000 yuan. In total, there is a discount of more than 40,000 yuan.

Not only are the subsidies strong, but the scope of subsidies is also wider. This year, Hubei’s agricultural machinery has been scrapped and updated, and for the first time, the subsidy will be included in the subsidy scope.

Hong Kong Agricultural Mechanization Technology Promotion Station Webmaster Ren Yaowu: Hubei allocated 676 million yuan of subsidies for agricultural machinery purchase and application and 54 million yuan of funds for agricultural machinery scrapping and renewal funds for agricultural machinery to improve the support level of agricultural machinery equipment, and at the same time allocated 300 million yuan of funds to support the level of agricultural social services to help farmers reduce costs and increase efficiency.

At present, many places across the country are rapidly promoting agricultural machinery updates:

· Zhejiang recently officially launched the 2025 agricultural machinery scrapping and renewal subsidy policy, and a single machine can enjoy a maximum subsidy of 80,000 yuan.

·Jiangxi will support the expansion of scrap subsidies for agricultural machinery varieties from 15 categories to 27 categories, and the maximum scrap subsidy for a single unit will be increased from 1,000 yuan to 1,500 yuan.

This year's budget report pointed out that 200 billion yuan of ultra-long-term special treasury bonds will be allocated to support equipment renewal, an increase of 50 billion yuan over the previous year, further expand the scope and lower the threshold, and continuously give full play to the superposition effect of fiscal funds to help the economy improve and improve.

800 billion yuan! Support the "two-level" projects with greater strength

In addition to the 500 billion yuan used for the expansion of the "two-level" new projects, 800 billion yuan of ultra-long-term special treasury bonds will be issued this year to support the "two-level" projects with greater strength, that is, the implementation of major national strategies and the construction of security capacity in key areas.

The Changhai Bridge project, the largest cross-sea bridge project in the Northeast region, was officially launched in Dalian, Liaoning recently. The total investment of the project is about 7.9 billion yuan and is planned to be completed and opened to traffic in 2029; Jiangsu will arrange 500 major implementation projects in the province this year, with an annual planned investment of more than 650 billion yuan, of which 225 strategic emerging industries and future industrial projects, an increase of 21%, accounting for more than 60% of the manufacturing industry.

At present, the list of "two-level" construction projects in 2025 has been issued in advance. This year, the country has stepped up its support for the construction of the "two-level" covering a number of aspects such as accelerating the realization of high-level scientific and technological self-reliance and self-improvement, promoting high-quality population development, and focusing on supporting the improvement of basic research capabilities and future industrial development. Projects in various places focus more on high-end manufacturing, new energy, new materials and other fields, and continue to expand effective investment and promote high-quality economic development.

(CCTV reporters Zhu Jihua, Tian Qiyong, Wu Jun, Yang Guang, Chen Xuting)