Abstract: Since the beginning of reform and opening up, China has made brilliant achievements in economic and social development. However, the current advantages of traditional economic development are weakening, the structural supply and demand of the real economy is imbalanced, and the effective supply of middle and high-end products and services are not sufficient, these problems need to be fundamentally resolved. Therefore, to explore actively an economic development model which confirms Chinese characteristics will be the highlight of the follow-up work. As the foundation and pillar of national governance, finance has a unique advantage for high-quality development and can play an important role at both ends of supply and demand. Thus, to analyze some of the practical problems of finance and high-quality development can help us fully grasp the role of finance during the high-quality development process. The fiscal model under high-quality development can be constructed from the three dimensions of innovation-driven development, ecological civilization construction, and opening and sharing economy, which can be complemented and enriched in the following four aspects, i.e., the creation of a multi-level modern fiscal system, the establishment of a modern tax system, the improvement of the business environment and the promotion of the matching between finance reform and other reforms.

Key words: high quality development; supply side structural reform; fiscal policy; tax reduction