Information about Public Sector Borrowing Requirement
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) 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[1] monthly First Release Public sector finances[2].
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[1] monthly First Release Public sector finances[2].
See also
Economic policy
Monetary policy
Central bank Money supply
Fiscal policy
Spending Deficit Debt
Trade policy
Tariff Trade agreement
Finance
Financial market
Financial market participants
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Monetary policy
Central bank Money supply
Fiscal policy
Spending Deficit Debt
Trade policy
Tariff Trade agreement
Finance
Financial market
Financial market participants
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Motto
"Dieu et mon droit" [2] (French)
"God and my right"
Anthem
"God Save the Queen" [3]
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"Dieu et mon droit" [2] (French)
"God and my right"
Anthem
"God Save the Queen" [3]
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Public Sector Net Cash Requirement (PSNCR) is the budget deficit in the UK. It is the difference between Government expenditure and Government income. Government Revenues/Income is mainly derived from taxes.
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A gilt is any of the following:
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- A thin covering of gold. See gilding.
- A government bond issued in the UK for HM Treasury by the UK Debt Management Office. The term stems from the initial practice of producing government bond certificates with gold edges, hence
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Public Sector Net Cash Requirement (PSNCR) is the budget deficit in the UK. It is the difference between Government expenditure and Government income. Government Revenues/Income is mainly derived from taxes.
..... Click the link for more information.
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