过分膨胀的债务反映出经济衰退的后果之一就是税收的急剧下降，在大多数国家，为提振经济，都加大了公共消费支出。
Rather ballooning debt reflects a collapse in tax receipts as a consequence of recession and, in most countries, a big increase in public spending to shore up the economy.
他削减了陆军和海军的支出，削减预算，取消了对威士忌这种西方人最喜爱的酒进行征税，但减少了国家债务的三分之一。
He slashed Army and Navy expenditures, cut the budget, eliminated the tax on whiskey so unpopular in the West, yet reduced the national debt by a third.
在北京遏制房地产价格泡沫的同时，欧洲国家也深陷主权债务问题当中，这直接削弱了信贷供应，导致支出被削减。
Beijing's efforts to curb the property price bubble came about the same time as sovereign debt concerns for several European countries, which impaired credit provision and reduced spending directly.
随过美国家庭被迫更多地储蓄来偿还债务，支出很可能在未来几年保持停滞不前。所以亚洲国家不能依赖对美国出口的强劲反弹。
Nor can Asia rely on a strong rebound in exports to America, where spending is likely to remain sluggish over the next few years as households are forced to save more in order to repay debt.
随过美国家庭被迫更多地储蓄来偿还债务，支出很可能在未来几年保持停滞不前。所以亚洲国家不能依赖对美国出口的强劲反弹。
Nor can Asia rely on a strong rebound in exports to America, where spending is likely to remain sluggish over the next few years as households are forced to save more in order to repay debt.
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