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accumulated fiscal reserve


accumulated fiscal reserve 累积财政储备 

the gathered or collected fiscal reserve.The purpose of the fiscal reserve is to meet the government day to day cash flow needs and to cover the several months in the financial year when expenditure exceeds revenue and to offset the effects of any downswing in the economic cycle,or to cope with the consequences of unforeseen events in the world or the region that would have serious implications for public finance.

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