| 单词 | Public Sector Borrowing Requirement |
| 释义 | 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 the PSBR has acquired increased status since the late 1970s. By that time many economists had come to accept that a high PSBR is inflationary or leads to the crowding out of private expenditure; this remains a widely held view. While printing money simply causes prices to rise, selling gilts has the effect of raising interest rates, reducing private investment, and curbing private expenditure. |
| 随便看 |
|
英汉经管词典收录了5297条经济管理类英汉双解词条，基本涵盖了经济学、管理学、金融学、会计学、证券期货、商务活动等领域的常用英语单词及短语词组的翻译及用法，是学习及工作的有利工具。