Meaning of “public borrowing” in the English Dictionary

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"public borrowing" in Business English

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public borrowingnoun [ U ]

uk us

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.

(Definition of “public borrowing” from the Cambridge Business English Dictionary © Cambridge University Press)