CCTV News: Recently, the "Report on the Implementation of the Central and Local Budgets in 2024 and the Drafts of the Central and Local Budgets in 2025" has been fully published.

Open this year's "national ledger", which not only has a list of people's livelihood closely related to our people, but also a list of science and technology focusing on the construction of a modern industrial system, the strategy of building a country with science and education, and an agricultural list that supports the promotion of the comprehensive revitalization of rural areas, etc. 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 2025, among which the first one is to "support expand 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, this kitchen and bathroom store in Nantong, Jiangsu has ushered in a new wave of consumption peak.

According to the central fiscal budget arrangement, 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 the first batch of funds for 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 with greater strength.

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

New on the agricultural machinery update list, spring plowing "acceleration" is running out

After talking about the old-for-new consumer goods, let's take a look at large-scale equipment updates. This year, 200 billion yuan of ultra-long-term special government bonds will be allocated to support equipment renewal. 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 this 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.

Not only does the subsidy have a strong intensity, but the scope of subsidy 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.

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 subsidy 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" expansion, 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. 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 were 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.