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Meaning of “the public sector borrowing requirement” in the English Dictionary

"the public sector borrowing requirement" in Business English

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the public sector borrowing requirementnoun [S]

uk   us   (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 ​publicsectorborrowingrequirement is now known as the ​publicsectornetcashrequirement.
(Definition of the public sector borrowing requirement from the Cambridge Business English Dictionary © Cambridge University Press)
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