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2) Fiscal, tax, and financial reforms were steadily pushed forward. We made further improvements to the system of transfer payments to local governments, launched reform of the administration system for tax collection, extended the price-based resource tax to cover more types of resources, and registered steady progress in replacing business tax with VAT. Policies promoting the development of inclusive finance, Internet finance, and private banks were published and implemented, floating limits on interest rates on deposits were abolished, and most controls over interest rates were lifted. The deposit insurance system was officially implemented. The mechanism for determining the central parity of RMB exchange rate was improved, and the RMB was included in the International Monetary Fund' s special drawing rights (SDR) basket. Fresh progress was made in the reform of policy-backed financial institutions and developmental financial institutions. Effective measures were taken to prevent the occurrence of systemic financial risks.
(3) Budgets for state capital operations
The PM2.5 measure of particulate air pollution was first mentioned in government's annual work report in 2012. Cutting PM2.5 levels is one of binding targets of the new five-year plan.
At 3 percent, China's deficit-to-GDP ratio this year touched the warning line noted by the Maastricht Treaty in 1991, and the deficit increase came at a time of slowing fiscal revenue growth.
-- At 10 a.m., minister and vice ministers of housing and urban-rural development are scheduled to meet the press.
来源：资阳报