That will mean not just a budgetary clampdown but also a rise in the base rate from its emergency low.

那不仅仅意味着一种预算上的压制，而且还意味着把基准率从警戒点拉高。

youdao

Instead, it is the single most important budgetary variable because it affects the size of the tax base and the amount of government spending linked to the level of employment.

FORBES: The Budget Stalemate Shows The Need For Monetary Reform