It is facing mounting fiscal and environmental costs from damage done by the sevenfold increase of the vehicles over the past 30 years.
For example, its environmental reports have reported the fiscal costs of inaction in reforming policy.
That's just the fiscal costs, net of recoveries.
But the fiscal and environmental costs of cars do not stop with petroleum-related damage, vast though that is.
As a result, the social and fiscal costs of development are less than are usual for Chinese urban and industrial development.
And the third goal, where it can be done at little fiscal or political cost, is to clean up the the tax code a bit.
The weaknesses in the capital allocation can have enormous fiscal costs.
The fiscal cost to our nation was also great.
One cannot just plan a town in terms of fiscal costs and benefits.
Systemic banking crises are associated with substantial fiscal costs and large output losses.