SOE reform should continue and help achieve competitive neutrality by hardening SOE budget constraints and removing their implicit guarantees.

国有企业改革应该继续进行，同时通过硬约束国有企业预算和削减隐性担保来实现竞争中性。

Hmm, that's a bit higher than I was thinking, given our budget constraints.

雷纳尔多：嗯，考虑到我们的预算限制，这比我想的要高一些。

A bold vision can often be eroded by the realities of politics, demographics and budget constraints.

一个大胆的愿景往往会受到政治、人口和预算限制的现实的侵蚀。

We will strengthen budget constraints and performance management, and promote greater budget transparency. Procedures for accessing preferential tax and fee policies will be streamlined.

强化预算约束和绩效管理，加大预算公开力度，精简享受税费优惠政策的办理流程和手续。

You can have budget cuts, which are budget reductions; budget constraints, which are limitations; a tight budget, which is a small budget or a shoestring budget, which is a very small budget.

你可以说削减预算，意思是减少预算；预算限制，指的是限制；预算很紧，意思是预算很少，或者说微薄的预算，意思是非常少的预算。