释义 |
public sector borrowing in British Englishnoun economics government borrowing to fund the public sector Examples of 'public sector borrowing' in a sentencepublic sector borrowing Public sector borrowing is also down, by 700m from a year ago.A huge change arrived in 2014 when the company's debt — now almost 42bn — was reclassified as public sector borrowing.So public sector borrowing has been higher in every month of the current tax year than in the previous one.Second, while not altogether a surprise, it is still a shock to learn that public sector borrowing hit 16 billion last month.And add on another 1,300billion in unfunded public sector borrowing - and 1,000billion in private borrowing for mortgages, credit cards and overdrafts.This will lead, in turn, to a widening deficit, a higher public sector borrowing requirement and a higher risk of a deep and prolonged recession.There is a yearning for answers that go beyond interest rates, targets and the public sector borrowing requirement.It has made it clear that in its view the projected public sector borrowing requirement is still too high.Whichever party is in power after the election, it will have to take drastic action to cut public sector borrowing.Under this scenario, both public sector borrowing and public sector net debt would still fall every year as a share of national income. |