The effect of inflation is analogous to levying a tax on bonds and using the revenue to pay off debt.

通货膨涨的效应犹如对债券征税，也如同用岁入来偿还债务。

youdao

This part introduces the accountant of price (inflation accountant mainly), double taxation of international tax revenue, evade payment of duty and anti-evade payment of duty.

介绍物价变动会计(主要是通货膨胀会计)、国际税收的双重课税、国际避税与反避税。

youdao

PML-N's ambitious election manifesto pledges to double economic growth from the 3% seen in recent years, hugely increase tax revenue and damp inflation.

WSJ: Pakistan Election Gets a Seal of Approval

It says that any state or local tax change that increases revenue, after allowing for inflation and population growth, must be approved by a popular vote, and that any budget surplus must be returned to the people.

ECONOMIST: Paying for a changing city

Moreover, if you adjust the overall rise for inflation and legislated tax changes to get at underlying revenue growth, the picture is even grimmer.

ECONOMIST: State budgets