the Public Sector Net Cash Requirement
/ðə ˌpʌblɪk sektə ˌnet kæʃ rɪˈkwaɪəmənt/
/ðə ˌpʌblɪk sektər ˌnet kæʃ rɪˈkwaɪərmənt/
(abbreviation PSNCR)
- the name for 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 used to be called the Public Sector Borrowing Requirement.
Check pronunciation:
the Public Sector Net Cash Requirement