Adjustment fund set to balance state budget

时间：2007-03-09 02:56:34

（单词翻译:单击）

Chinanews, Beijing, Mar1. 7 – China’s GDP has witnessed a double-digit growth for years and as a result, China’s state revenue has also increased substantially. When the state revenue is abundant now, the Ministry2 of Finance (MOF) has decided3 to allocate4 50 billion yuan from the state revenue as adjustment fund so that when the state revenue falls short of the national budget in a particular year, this fund can be used to balance the national budget.

 

Chinese economy has developed very well in recent years and state revenue has increased rapidly. The Ministry of Finance should take the opportunity to save some money so that whenever state revenue is insufficient5, it can use it to do things as it plans. In this way, the central government can make its national budget plan in a more scientific way. The fund can also guarantee that the central government’s budget remain at a balanced level and China’s fiscal6 policies be implemented7 continuously, said an official at MOF.

 

Based on this year’s budget plan, China’s fiscal revenue should increase by 15% from last year to exceed the 42-billion-yuan target set by tax and customs bureaus. If China’s actual fiscal revenue falls short of the budget plan, the central government will start to use the adjustment fund to balance the budget.

 

Chinese fiscal revenue has kept increasing over the past few years. Since 2003, the state fiscal revenue has increased by 500 billion yuan year on year. Last year, the state fiscal revenue increased by well over 700 billion yuan.

 
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1 mar f7Kzq     
vt.破坏，毁坏，弄糟
参考例句：
  • It was not the custom for elderly people to mar the picnics with their presence.大人们照例不参加这样的野餐以免扫兴。
  • Such a marriage might mar your career.这样的婚姻说不定会毁了你的一生。
2 ministry kD5x2     
n.(政府的)部；牧师
参考例句：
  • They sent a deputation to the ministry to complain.他们派了一个代表团到部里投诉。
  • We probed the Air Ministry statements.我们调查了空军部的记录。
3 decided lvqzZd     
adj.决定了的，坚决的；明显的，明确的
参考例句：
  • This gave them a decided advantage over their opponents.这使他们比对手具有明显的优势。
  • There is a decided difference between British and Chinese way of greeting.英国人和中国人打招呼的方式有很明显的区别。
4 allocate ILnys     
vt.分配，分派；把…拨给；把…划归
参考例句：
  • You must allocate the money carefully.你们必须谨慎地分配钱。
  • They will allocate fund for housing.他们将拨出经费建房。
5 insufficient L5vxu     
adj.(for，of)不足的，不够的
参考例句：
  • There was insufficient evidence to convict him.没有足够证据给他定罪。
  • In their day scientific knowledge was insufficient to settle the matter.在他们的时代，科学知识还不能足以解决这些问题。
6 fiscal agbzf     
adj.财政的，会计的，国库的，国库岁入的
参考例句：
  • The increase of taxation is an important fiscal policy.增税是一项重要的财政政策。
  • The government has two basic strategies of fiscal policy available.政府有两个可行的财政政策基本战略。
7 implemented a0211e5272f6fc75ac06e2d62558aff0     
v.实现( implement的过去式和过去分词 )；执行；贯彻；使生效
参考例句：
  • This agreement, if not implemented, is a mere scrap of paper. 这个协定如不执行只不过是一纸空文。 来自《现代汉英综合大词典》
  • The economy is in danger of collapse unless far-reaching reforms are implemented. 如果不实施影响深远的改革，经济就面临崩溃的危险。 来自辞典例句

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