China releases reports on budgets, national economic and social development plans

BEIJING, March 13 (Xinhua) -- Two reports approved Tuesday at the third session of the 14th National People's Congress were released in full via Xinhua News Agency on Thursday.

The report on the implementation of the 2024 plan for national economic and social development and on the 2025 draft plan for national economic and social development has three parts:

I. Implementation of the 2024 Plan for National Economic and Social Development;

II. Overall Requirements, Main Objectives, and Policy Orientations for Economic and Social Development in 2025;

III. Major Tasks for Economic and Social Development in 2025.

The report on the execution of the central and local budgets for 2024 and on the draft central and local budgets for 2025 has three parts:

I. Execution of the 2024 Central and Local Budgets;

II. Draft Central and Local Budgets for 2025;

III. Fiscal Reform and Development in 2025.