Public sector borrowing requirement
Encyclopedia
Public sector borrowing requirement (PSBR) is the old name for the budget deficit in 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 gilts.
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.
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
. 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 gilts.
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.
See also
- public sector net cash requirement