As the foundation and important pillar of national governance, finance plays an important role in supporting, leading, promoting and ensuring scientific and technological innovation. Specifically, fiscal policy can input supply-side thrust for scientific and technological innovation through targeted and accurate financial investment, build guiding incentives for scientific and technological innovation through supportive and controlled differential tax preferential channels and set demand-side pulling force for scientific and technological innovation through well-oriented selective government procurement channels.
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The main ways of Fiscal Policy to promote scientific and technological Innovation