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English definition of “the public sector borrowing requirement”

the public sector borrowing requirement

noun [S]     (abbreviation PSBR) UK old use ECONOMICS, GOVERNMENT
the amount of money the government has to borrow when taxes and its other sources of income are not enough to pay for all the services it needs to provide. The public sector borrowing requirement is now known as the public sector net cash requirement.
(Definition of the public sector borrowing requirement noun from the Cambridge Business English Dictionary © Cambridge University Press)
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