Hypothecation means that the products of certain taxes are devoted to specific types of expenditures. For example, a tax on motor vehicles could be hypothecated (devoted entirely) to expenditure on building and maintaining roads. Earmarking is an informal hypothecation of taxes. Hypothecation is unpopular with Chancellors/Ministers of Finance as it considerably reduces their choices in public expenditure decisionsCác bác dịch giúp em câu này với: "Hypothecation means that the products of... Hypothecation means that the products of certain taxes are devoted to specific types of expenditures. For example, a tax on motor vehicles could be hypothecated (devoted entirely) to expenditure on building and maintaining roads. Earmarking is an informal hypothecation of taxes. Hypothecation is unpopular with Chancellors/Ministers of Finance as it considerably reduces their choices in public expenditure decisionsCác bác dịch giúp em câu này với: "Hypothecation means that the products of certain taxes are devoted to specific types of expenditures. "
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