Entry from US English dictionary
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.
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