To balance the books, he raised some taxes, notably VAT, but three-quarters of the savings will come from spending cuts.

为了平衡账簿，他增加了部分税收，特别是增值税，但是四分之三的节余将来自削减开支。

youdao

The final, "taxes payable VAT (stay - turn VAT on purchase)" subjects such as a debit balance, says not buckle and shall not carry forward the input tax.

期末，“应交税金——应交增值税(待转进项税额)”科目如有借方余额，表示尚未结转而不得抵扣的进项税额。

youdao

The final, "taxes payable VAT (stay - recognition tax)" subjects such as a credit balance, said the output tax has not yet received.

期末，“应交税金——应交增值税(待转销项税额)”科目如有贷方余额，表示尚未收到的销项税额。

youdao

In the 1980s recession, the Conservatives raised VAT to balance the budget, while in the 1990s a variety of indirect taxes were increased or created.

BBC: Dodging the spending challenge

Merkel and her coalition partners hadn't reneged on their tax-cutting campaign promises and raised VAT and other taxes in a bid to stay close to budget balance.

WSJ: Review & Outlook: Europe's Phony Growth Debate

As taxes go, a VAT is one of the least offensive, and a levy on bank balance sheets that penalizes excessive risk can in principle reduce the likelihood of panics.

FORBES: The U.K. Austerity Plan Is a 77% Solution