Public sector borrowing requirement
Public sector borrowing requirement (PSBR) is the old name for the
budget deficitin the United Kingdom. The budget deficit has been renamed to the public sector net cash requirement(PSNCR) to avoid confusion with net borrowing.
PSBR occurs when expenditures for the government activities in the public sector of the economy exceed the income. The resulting deficit is then financed by borrowing funds from the public, usually by the means of government
Both PSBR and PSNCR measures are shown in the Office of National Statistics [http://www.statistics.gov.uk/] monthly First Release "Public sector finances [http://www.statistics.gov.uk/StatBase/Product.asp?vlnk=805&More=Y] ".
public sector net cash requirement.
Wikimedia Foundation. 2010.
Look at other dictionaries:
public sector borrowing requirement — The amount by which government expenditure in a year exceeds government income. The budget deficit this involves has to be financed by government borrowings in the year and is referred to as the public sector borrowing requirement ( PSBR). When… … Financial and business terms
public sector borrowing requirement — government overspending The public sector is that part of a mixed economy which is controlled, financed, and managed by government, the activities of its components not being subject to commercial pressures such as the need to generate cash … How not to say what you mean: A dictionary of euphemisms
Public Sector Borrowing Requirement — PSBR The amount by which UK government expenditure exceeds its income (i. e. the public sector deficit); this must be financed by borrowing (e. g. by selling gilt edged securities) or by printing money. As an indicator of government fiscal policy … Big dictionary of business and management
public sector borrowing requirement — PSBR The borrowing required by the UK government if its expenditure exceeds its income … Accounting dictionary
Public Sector Borrowing Requirement — (abbr PSBR) the amount of money the government needs to borrow every year to pay for public spending, if money from taxes is not enough. It is borrowed from the banking system and other sources, and is considered an addition to the National Debt … Universalium
public sector borrowing requirement — (PSBR) The amount borrowed by government in order to finance its expenditure. According to Keynesian economics, the PSBR should rise at times of economic recession to boost demand and fall in times of rapid growth to prevent the economy from… … Glossary of UK Government and Politics
Public Sector Borrowing Requirement — /ˌpʌblɪk ˌsektə bɒrəυɪŋ rɪˌkwaɪəmənt/ noun the amount of money which a government has to borrow to pay for its own spending. Abbreviation PBSR … Dictionary of banking and finance
the public sector borrowing requirement — UK US 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… … Financial and business terms
(the) Public Sector Borrowing Requirement — the Public Sector Borrowing Requirement [the Public Sector Borrowing Requirement] (abbr PSBR) the amount of money the government needs to borrow every year to pay for public spending, if money from taxes is not enough. It is borrowed from the… … Useful english dictionary
public sector debt repayment — See public sector borrowing requirement. Dresdner Kleinwort Wasserstein financial glossary … Financial and business terms