Xing Lia and Chen Longb

A And B CHINESE Academy of Fiscal Sciences

　　bet365 best casino games China's Proactive Fiscal Policy Adheres to the Development Ideology Center. F Macro-FISCAL POLICY. It Bears Distinct CHINESE Characteristics and Represents A Significant Macroeconomic Governance Innovation in China PROCES of M lynization. Despite the Considerable Differences Between The Perspectives of the Keyness Trading and the Non-Keyness Trading, Their Policy Objectives and Methodology Foundations Are Broadly Similar, Constituting the Traditional Western Logic of Macro-FISCAL POLICY. Currently, This logic is facing increasing prACTical Challenges. In Contract, China ’s Proactive Fiscal Policy Not only Aims to Restore Supply-Demand Balance and Potential Growth Levels But Also Emphasizes Enhancing Fu Ture Potential Growth Rates, Marking A Transformation from the TraditationAl Western Logic to A New Logic. It is essential to emphasize the under this new logic, Forming A New Fiscal Policy Paradigm Requires A Reevals of the Nature and Approprity Scale of Fiscal DEFICITS, The Role and Risk Measurement Standards of Government Debt, The Space and Effectiveness of Reduction of Taxes and Administrative Fees, Demand Management Methods and Priorities, As Well As Policy Costs and Efficience, among Other Fundamental Categories.

　　Keywords:Proactive Fiscal Policy, FISCAL OUTLOOK, Potential Growth Rate