| 单词 | Public Sector Borrowing Requirement |
| 释义 | Public Sector Borrowing Requirement = (PSBR) The amount the UK government has to borrow each year, when the government's expenditure exceeds its income. The PSBR must lead either to sales of securities to the public, which may raise interest rates and crowd out private investment, or borrowing from the banking system, leading to inflationary increases in the money supply. The PSBR has been regarded as an important indicator of the government's fiscal stance. It does not include the proceeds of selling off privatized industries, which are thus effectively treated as current government income. |
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