public sector borrowing requirement
public sector borrowing requirement (PSBR) Amount a government needs to borrow to cover its expenditure. A government principally raises its money by taxes and excise duties. If it has to spend more than the amount covered by these sources, it must raise the rest by borrowing. To do this, it issues short-term and long-term stocks and bonds, on which it pays interest. These loans form part of the national debt.
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public sector borrowing requirement
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public sector borrowing requirement