Taking Liaoning province as an example, based on the evaluation of its emergency management system (EMS), this paper puts forward some suggestions on fiscal policy innovation in view of the main problems. Firstly, according to the hierarchical structure model, the evaluation system is established. The relative degree of the index is determined by the Delphi method, and the weight of the index at all levels is calculated. The evaluation factor set and evaluation grade set are constructed, and the EMS evaluation model of Liaoning province is established and evaluated by using fuzzy mathematics evaluation method. Secondly, according to the model evaluation results, four conclusions are obtained. The top three secondary indicators are Industrial Development, Policies Regulations and Fund Source, which are very important in EMS. The top three weights of the three-level indicators are the Development of Industry, Policy Formulation and Social Funds. Active fiscal policies should be formulated to use social funds to promote the development of emergency industries. Four of the second-level indicators have reached Good, and two have reached Average. Among them, the Basic Platform has the highest score, which is a positive result of EMS construction in Liaoning province. The final score of the comprehensive evaluation of the target is the low-end level in the Good grade, indicating that there is still much room for development in the construction of the system. Finally, according to the evaluation conclusion, this paper puts forward the fiscal policy innovation to support the development of EMS, including expanding the investment channels, updating the investment fund model, increasing the selection of policy tools and establishing the national emergency management fund.