Definition of the Public Sector Borrowing Requirement from the Oxford Advanced Learner's Dictionary

 

the Public Sector Borrowing Requirement

 
BrE
 
; NAmE
 
(abbreviation PSBR)
 
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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. It is now also called the Public Sector Net Cash Requirement.