The Henan Provincial Committee of the Communist Party of China issued a proposal on formulating the 15th Five-Year Plan for the National Economic and Social Development of Henan Province, which mentions implementing an active fiscal policy. Strengthen financial resources and budget coordination, deepen zero-based budget reform, unify budget allocation powers, optimize the fiscal expenditure structure, strengthen budget performance management, implement tax reform, deepen financial resource construction, adhere to the requirements of the party and government organs to get used to a tight lifestyle, improve the provincial transfer payment system to cities and counties, and strengthen major strategic tasks and basic financial security for people's livelihood. Establish a long-term government debt management mechanism compatible with high-quality development.

The Henan Provincial Committee of the Communist Party of China issued a proposal on formulating the 15th Five-Year Plan for the National Economic and Social Development of Henan Province, which mentions implementing an active fiscal policy. Strengthen financial resources and budget coordination, deepen zero-based budget reform, unify budget allocation powers, optimize the fiscal expenditure structure, strengthen budget performance management, implement tax reform, deepen financial resource construction, adhere to the requirements of the party and government organs to get used to a tight lifestyle, improve the provincial transfer payment system to cities and counties, and strengthen major strategic tasks and basic financial security for people's livelihood. Establish a long-term government debt management mechanism compatible with high-quality development.