What does it mean that national fiscal expenditure is greater than revenue?

The most direct thing is that our country is already running a deficit finance.

But in order to maintain economic growth, we have to increase the fiscal deficit budget. Otherwise, there will be massive unemployment and a series of social problems.

Secondly, you must know that this is one of the responsibilities of the government.

Because in times of economic downturn, the government's function is to stimulate the economy and smooth out the economic cycle through monetary policy and fiscal policy.

Now, there is not much room for monetary policy to operate, so fiscal policy has become the focus of the government.

This year’s 4 trillion plan and other economic measures require a large fiscal budget to support it. Therefore, expanding the budget is also an inevitable choice.

Moreover, compared with our annual fiscal revenue of more than 6 trillion, the deficit of 950 billion is not high.