therefore, it concluded that this reform is supposed to aim at formal fiscal federalism instead of re-centralization.
本文认为,中国财政体制改革的目标应该是正式的财政联邦主义。
america’s fiscal federalism tilts in the opposite direction: most states must run balanced budgets and so cut spending in hard times.
美国的联邦财政制度则向相反的方向倾斜:在困难时期,大多数州都必须力保预算平衡,被迫削减开支。
the traditional theory of fiscal federalism is mainly about the reasonable distribution of public-section functions and revenue resources among different levels of the governments.
传统的财政联邦主义理论是关于公共部门职能合理分配和不同层次政府间财源合理分配的理论。
the introduction of a form of fiscal federalism (strongly pushed by the northern league, mr berlusconi’s coalition ally) promises, but has yet to stimulate, more savings.