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English definition of “government borrowing”

government borrowing

money that the government borrows to spend on public services : The government wants to pay for the tax cuts , new defence spending , and reforms of the health system using more government borrowing . The funds we raise go directly to the Government to be invested in public services and to reduce government borrowings.cut/reduce/increase government borrowing He needs to be specific on whether he will or will not increase government spending and borrowing . → Compare government deficit
(Definition of government borrowing noun from the Cambridge Business English Dictionary © Cambridge University Press)
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