The further increase in fiscal decentralization or slackening in extra-budgetary fund management will result in many adverse effects on Chinas economy.

如果继续提高财政分权度，或者是放松对地方预算外资金的管理，将对我国经济产生诸多不良影响。

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Note: Other central level revenue excludes tariff. The subjects of fund budgetary revenue are adjusted in 2007.

注：其他中央收入不含关税。2007年基金预算收入科目调整。

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Below that, though, the budget surplus diminishes, the conflict over the stabilization fund grows, and the potential for a budgetary strain and liquidity squeeze increases.

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