A policy arrangement between the central government and local governments on collecting and spending of different taxes. Popular in many market economies, the system divides all tax items into State ...

财税体制是国家治理的重要保障。 The fiscal and taxation system is an important guarantee of State governance. 17. 改进预算管理制度。建立规范合理的中央和地方政府债务管理及风险预警机制。中央出台增支政策形成的地方财力缺口，原则上通过一般性转移支付调节。清理 ...