Tax division system is a long-term and reasonable system arrangement but the cost mechanism has actually become the obstacle for central government and local government to realize ideal benefit goals.

分税制是一种长期的合理制度安排，但其成本机制也确实阻碍了中央和地方理想收益目标的实现。

youdao

The issue of local government bonds is a basic requirement of the tax assignment system, and is favorable for providing provision effectively for the area of jurisdiction inhabitant publicly.

我国发行地方公债是分税制体制的基本要求，有利于更有效地为辖区居民提供公共品。

youdao

It is certainly important to cope with immediate problems, but I want to see more fiscal reform - making the central government smaller, improving the accounts of local governments, reforming the tax system.

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