public sector borrowing requirement

public sector borrowing requirement
   The amount borrowed by government in order to finance its expenditure. According to Keynesian economics, the PSBR should rise at times of economic recession to boost demand and fall in times of rapid growth to prevent the economy from over-heating. Monetarists reject this view and argue that a large PSBR fuels inflation.
   See also: Keynesianism, monetarism

Glossary of UK Government and Politics . 2013.

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