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English definition of “public borrowing”

public borrowing

noun [U]    
ECONOMICS, FINANCE, GOVERNMENT the total amount that a government borrows, or the act of borrowing this money: The Treasury is keen to reduce government borrowing quickly. The government has been forced to rely on public borrowing to finance a series of stimulative measures. → Compare national debt
(Definition of public borrowing noun from the Cambridge Business English Dictionary © Cambridge University Press)
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