In 2020，in response to the impact of COVID-19，China took extraordinary measures in this extraordinary year. Policies of cutting taxes and fees were temporarily carried out to reduce public risks，which made China the only major economy with positive growth in the global economy. At the same time，under the influence of the dual factors of economic downturn and the policies of cutting taxes and fees，revenue in general public budgets and taxes in 2020 had experienced negative growth for the first time since 1994，and small-caliber macro tax burden also had fallen to the lowest point in the history of 15.2%，and fiscal risk had risen to the highest point in history accordingly.