The asymmetrical power and responsibility in local fiscal system has become a severe problem since the introduction of tax distribution system.

地方财政体制权责不对称已经成为分税制后我国地方财政管理体制运行十年来的一个较为突出的问题。

youdao

In fiscal decent system it is main means of competition bitewing local governments to offer high-quality public goods.

分权财政下提供优质公共品是地方间竞争的主要手段。

youdao

The third part is the advanced warning mechanism and appraisement control index system of local fiscal risk which is regarded as having directly realistic meaning.

第三部分为地方财政风险的预警机制与评价控制指标体系。

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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