Definition of revenue sharing in English:
The distribution of a portion of federal tax revenues to state and local governments.
- 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.
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.
Most popular in the US
Most popular in the UK
Most popular in Canada
Most popular in Australia
Most popular in Pakistan