A scientific fiscal and taxation system is the institutional guarantee for optimizing the allocation of resources, maintaining the unity of the market, promoting social equity, and realizing the long-term stability of the country. Since the 18th National Congress of the Communist Party of China (CPC), the reform of the fiscal and taxation system has been vigorously carried out in an all-round and in-depth manner. The reform of the budget management, tax system and financial system has achieved remarkable results. The framework of the modern fiscal and taxation system has been basically established, which provides a strong support for promoting the sustained and healthy development of the economy and society, and promoting the modernization of the national governance system and governance capacity. More standardized and transparent budgets on July 21 this year, 102 central departments made public their final accounts. How the central departments implemented the tight living requirements in the past year, what results have been achieved in important projects, and where the government procurement funds have been invested... These issues of great concern to the society can be answered in the final accounts of the central departments. The government departments have revealed "clear accounts" according to law, which is only a microcosm of the reform of the budget management system. Over the past 10 years, China has continuously improved the budget management system, and the transparency, standardization and performance level of the government budget have been significantly improved. "Major achievements have been made in the reform of the budget management system, and a budget system with scientific standards, transparent norms and strong constraints has been basically established." Vice Minister of Finance Xu Hongcai said. We will strengthen the overall coordination and organic connection of the "four budgets", namely, the general public budget, the government fund budget, the state-owned capital operation budget and the social insurance fund budget. For example, we will increase the transfer of government funds to the general public budget, increase the proportion of the central state-owned capital operation budget transferred to the general public budget, and use it more to ensure and improve people's livelihood. At the same time, we will establish a cross annual budget balance mechanism, implement medium-term financial planning and management, and improve the foresight and sustainability of the financial budget. The government's "account book" is more transparent and standardized. Over the past 10 years, we have persisted in taking openness as the norm and non openness as the exception. The scope of budget disclosure has been continuously expanded and the content has been continuously refined. Government revenue and expenditure have been operating in the sunshine. Government debts, government operating funds, government procurement, and funds in special financial accounts are all disclosed to the public in accordance with the provisions, effectively promoting the construction of a transparent and honest government. We will promote budget performance management in an all-round way, and "we need to be accountable for spending money and for inefficiency.". In September 2018, the CPC Central Committee and the State Council issued the opinions on the comprehensive implementation of budget performance management, proposing to strive to basically build a comprehensive, full process and full coverage budget performance management system in 3 to 5 years. The scope of performance management covers the "four budgets", and gradually extends to such fields as government purchase of services, government and social capital cooperation projects. At the same time, vigorously promote the application of performance results and reduce inefficient and ineffective funds. "Open the front door and block the back door", strengthen local government debt management, and establish a standardized local government debt financing mechanism. We will establish a closed-loop management system for local government debts, implement quota management and budget management for debts, establish an accountability mechanism of lifelong accountability and backward accountability, and firmly guard the bottom line of no systemic risks. "One stick to the end", innovate and implement the mechanism of direct financial funds to the grassroots level in cities and counties, and directly benefit enterprises and people. By 2020, a direct financial fund mechanism will be established to achieve the expected goal of "fast, accurate and strict" and effectively support the epidemic