Ministry of Finance: national expenditure on science and technology reached 1.0023 trillion yuan in 2022, an increase of 3.8% over the same period last year.
CTOnews.com news on March 1, the Information Office of the State Council held a series of news conferences on the theme of "the opening of authoritative departments" today.
Minister of Finance Liu Kun said that we should adhere to the leadership of innovation and promote the stability of the industrial chain supply chain. In 2022, national expenditure on science and technology totaled 1.0023 trillion yuan, an increase of 3.8 percent over the same period last year, effectively ensuring the funding needs of basic research and key core technologies.
On the other hand, optimize policy supply. We will increase the proportion of addition and deduction of R & D expenses for technology-based small and medium-sized enterprises to 100%, and improve government procurement policies that support innovation. We will implement the financial subsidy policy for domestic passenger flight operation in stages, support a number of national comprehensive freight hubs to strengthen the supply chain, and enhance the resilience of the industrial chain supply chain.
Vice Minister of Finance Xu Hongcai said at a news conference that CTOnews.com supports increasing the supply of marketable goods to make people happy to consume, according to the website of the State Council Information Office. Through the implementation of a proactive fiscal policy, we will promote supply-side structural reform, constantly improve the quality of domestic supply, and activate the potential of market demand. Places with conditions are encouraged to support the "trade-in" of home appliances and green smart home appliances to the countryside through existing funding channels. New energy vehicles purchased in 2023 will continue to be exempted from vehicle purchase tax. We will reduce import tariffs on some high-quality consumer goods, accelerate the establishment of a housing system featuring multi-body supply, multi-channel security, and simultaneous rental and purchase, support rigid and improved housing demand, and actively promote household consumption.
