budget restraint meaning in English

预算限制

In the third chapter , the writer analyses the positive effects of the interest rate marketization on business investment and financing in both direct and indirect financial markets . though marketization of the interest rate , the rate can genuinely function as adjustment but on the conditions of clarified property right of investors " ownership , hardening of budget restraint as well as improved financial market with powerful functions
第三章分析了利率市场化对企业投资及企业间接融资和直接融资市场的影响，说明利率市场化后，利率能真正发挥调节作用，必须具备一定的条件，即投资主体产权明晰，预算约束硬化；同时，金融市场发展完善、功能强大。