general secretary xi jinping pointed out that "hard work and frugality are not only important guarantees for us to go all the way and grow stronger, but also important guarantees for us to carry on the past and forge ahead and create brilliance again." in 2020, the sudden outbreak of covid-19 and the complicated domestic and foreign situations put forward new and higher requirements for optimizing the allocation of financial resources and how to live a "tight life". in the face of risks and challenges, tianjin municipal bureau of finance has strictly implemented the requirements of "tightening the budget", adhered to careful budgeting, and explored potential inwards. the "tightening the budget" is not only reflected in expenditure, but also in ideology and system and mechanism, striving to improve the efficiency of capital allocation and the ability of overall planning and guarantee.
first, adhere to the bottom line thinking, optimize the structure, ensure the focus. we will focus on key areas and weak links of the "six stability" and "six safeguards" initiatives, continue to encourage growth while restricting growth, pay more attention to structural adjustment, and use every dollar spent to the best of our ability. the zero-based budget management was strictly implemented, and the concept of base and solidifying pattern were broken from the budget source. the project budget was implemented as "one year fixed", and the non-urgent expenditures were reduced by nearly 60%. the overall funds were devoted to ensuring rigid expenditures such as epidemic prevention and control and people's livelihood, and the expenditures on people's livelihood accounted for more than 75% of the total. in the course of budget implementation, 16 measures were formulated and introduced for tianjin to tighten its belt, and two control lists of "prohibited" and "restricted" categories were implemented. the budget of municipal departments was further reduced by 390 million yuan. we established a mechanism for increasing government funds to go directly to the community level, with 19 billion yuan of direct funds being allocated to the community level, directly benefiting 6,208 enterprises and 1.29 million households, providing strong support for the community level to ensure employment, people's livelihood, and market entities.
second, adhere to the strategic thinking, lay a foundation for long-term benefits. we will strengthen forward-looking planning for fiscal policy, continue to make big and long-term accounts, and invest precious government funds in key areas that have a multiplier effect, so as to improve the quality of the economy and its core competitiveness. expenditures to support the economy totaled 58.7 billion yuan, up 36.1% year on year, of which 11.8 billion yuan was spent on science and technology, up 7.7%, giving strong support to the development of high-tech enterprises such as smart manufacturing and research and development. we will give full play to the leading role of government investment funds. the subscribed value of 37 master funds of haihe industrial fund has reached 123.8 billion yuan, and a new 30 billion yuan binhai industrial development fund has been set up to expand support for the development of new infrastructure, new industries and new scenarios such as 5g, blockchain and integrated circuit design, and promote the building of a modern industrial system.
third, adhere to the rule of law thinking, hard constraints, strong control. we will strengthen the establishment of rules and regulations, adhere to the principle that revenue is used to set expenditures, and live within the means of spending, and make institutional and long-term efforts to tighten the belt, so as to make room for policy cuts in taxes and fees and guarantee key expenditures. we will strictly implement the regulations on the implementation of the budget law, put budgets before expenditures, and tighten constraints on budget implementation. except for changes in state policies or emergencies, no additional budgets will be made. we will improve the level of refined budget management, implement "total amount control and monthly allocation" for budget targets, strictly control the timing of fund allocation, strictly follow project schedule, contract agreements and prescribed procedures, and strictly prohibit advance appropriation beyond schedule, conditions and standards, and strictly prohibit appropriation beyond actual needs.
fourth, adhere to the system thinking, cohesion, improve quality and efficiency. we will strengthen top-level design, strengthen the coordination and resonance of various policies, and do more to build a closed loop of fiscal fund management. we will fully implement performance-based budget management, establish a performance indicator system based on industries, fields and levels, carry out performance evaluation in advance for the first time, and by 2020, the funds for setting performance targets will account for more than 97 percent of the project expenditures of municipal departments. we paid equal attention to increasing revenue and reducing expenditure, put existing funds to good use, and carried out special measures to address the problem of surplus and carryover funds and "small coffers", and recovered 3.06 billion yuan of various deposits. we will do our best to meet our capacity, establish a mechanism for evaluating key expenditures in advance, and properly control the pace and intensity of budget adjustments for policies aimed at improving people's wellbeing, so as to ensure sound and more sustainable fiscal operation.
source: ministry of finance, prc