1. The financial three guarantees are to effectively protect the basic people's livelihood, salary distribution and institutional operation.
2. Under the influence of COVID-19 epidemic, how can local finance "guarantee basic livelihood, wages and operation"? On March 5th, Xu Hongcai, Vice Minister of Finance, introduced at the press conference of the joint prevention and control mechanism of the State Council Office that in recent years, China's economy has developed continuously and healthily, and the financial support capacity at all levels has been continuously enhanced, which can meet the needs of grassroots "three guarantees" in budget arrangement. In the future, with the effective control of the epidemic, enterprises will speed up the resumption of work and production, economic and social work will be on the right track, the pressure of "three guarantees" will be gradually eased, and the contradiction between fiscal revenue and expenditure will be alleviated.
3. "Supporting grass-roots governments to ensure basic living, wages and operation is the basic requirement for safeguarding the vital interests of the masses and the basic condition for promoting the government to perform its duties and implement various policies." Xu Hongcai introduced that since the outbreak, the Ministry of Finance has actively done a good job in the prevention and control of the epidemic and the funding guarantee for the "three guarantees" at the grassroots level.
4. Improve the policy system. The central government actively plays its functional role. On the one hand, strengthen the protection of epidemic prevention funds to ensure that people will not be afraid to see a doctor for fear of expenses, and ensure that medical treatment and epidemic prevention and control are not affected by financial problems; On the other hand, a series of preferential tax and fee policies have been introduced to help restore work and production, so as to prevent and control the epidemic, promote economic and social development, stabilize social expectations, boost enterprise confidence and ensure the sustainability of local finance.
5. Increase transfer payment subsidies. As of March 4th, financial departments at all levels have allocated1104.8 billion yuan for epidemic prevention and control, of which 7 143 billion yuan has been used and 39.05 billion yuan has not been used. Among them, the central government has specially arranged 25.75 billion yuan, and on the basis of advance transfer payment in the fourth quarter of last year, it has pre-allocated general transfer payment funds, requiring local governments to strengthen the allocation and use of funds, alleviate the pressure of financial expenditure, and effectively guarantee the demand for funds for the "three guarantees" at the grassroots level.