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revenue sharing

Syllabification: rev·e·nue shar·ing

Definition of revenue sharing in English:

noun

The distribution of a portion of federal tax revenues to state and local governments.
Example sentences
  • The old revenue sharing program required a federal bureaucracy of about a hundred people in the Treasury Department.
  • The three other key issues are revenue sharing under a federal power-sharing system, humanitarian aid and reconstruction, and human rights issues.
  • Chief government negotiator G.L. Peiris has said the parties will discuss revenue sharing under a federal structure.

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