Fiscal policy constitutes an important part of macroeconomic policy. In 2020，the proactive fiscal policy must vigorously improve quality and efficiency，while the key word being “improving quality”. “Improving the quality of fiscal policy” is an inevitable requirement for the completion of target tasks at key time points. It is also a feasible choice under limited fiscal space after continuous large-scale tax and fee reductions alongside severe impacts from the Covid-19 epidemic. In the meantime，it meets the requirements for high-quality development in the new era. The connotation and essences of “improving the quality of fiscal policy” can be considered from the following aspects：policy orientation should turn to public risk management，put weights on injecting certainty into various fields of the economy and society，while balancing the management of public risks and fiscal risks. The primary goal of fiscal policy is to improve employment status，while considering multiple other goals. The target entity of policies should be shifted from capital-centered to people-centered. On the main body of policy implementation，more attention is paid to the consistency of the behavior，more emphasis is being placed on the combination of policies and the coordination of macro policies.