住房泡沫破灭已经凸显了税收底子有多薄。

Burst housing bubbles have revealed how thin the tax base is.

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尽管财政部门迅速增加的收入和充满泡沫的房地产市场的推动了国民税收的快速增加，但还是未能能满足迅速高涨的支出。

They failed to keep pace with the surge in spending despite being boosted by buoyant revenues from a booming financial sector and frothy property markets (see chart 2).

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