Fiscal policy to back building of well－off society in China: minister （2）   2002-11-13 19:11:44 "Meanwhile, we will use financial leverage to improve macroeconomic control and adopt appropriate fiscal policies in accordance with changes in domestic and international economy to ensure a stable economic growth," Xiang said. In addition, he said, functions of the fiscal policy should be transformed to meet changes in government functions and financial departments will further improve their management in accordance with laws and regulations. According to the minister, in the last 13 years since the Fourth Plenum of 13th CPC Central Committee, the central government has taken a series of adequate financial policies and carried out reforms in the financial revenue system, contributing to the fastest and most steady revenue growth in the history of the country. In 2001, state financial revenue reached 1,638.6 billion yuan, 4.6 times more than that in 1990. The past 13 years has also been an important period which witnessed the establishment of a fiscal system that plays a major role in the state's macroeconomic control, he said. Macroeconomic control measures featuring a proactive fiscal policy combined with an adequate monetary policy since 1998 have ensured the Chinese economy to grow by 7 to 8 percent yearly. The policies have helped speed up construction of a number of major infrastructure projects, readjust the economic structure and improve people's living standards, Xiang added.