government borrowing

noun [C or U] GOVERNMENT, ECONOMICS

Definition

› 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)