The broader public sector borrowing requirement
(PSBR) also came down in 2005.
The advantage for the Chancellor, of course, is that PFI transfers expenditure from the Public Sector Borrowing Requirement
to the private sector.
In the UK, PFI creates new infrastructure without it appearing in the report on capital budgeting--the Public Sector Borrowing Requirement
No, not about the troubled relationship of Tony Blair and Gordon Brown or even about the impending jump in the public sector borrowing requirement
. What concerns me is how Racing Post readers are viewed by the Government, or, more accurately, by some of its employees.
The International Monetary Fund (IMF) has cautioned Belize about its public sector borrowing requirement
for fiscal year 2000, but said that the prospects for the year appeared favorable, reports CANA (May 25, 2000):
He said: "Our members have lost out these past years because they were told the public sector borrowing requirement
was too high.
These shortfalls, financed by the state, accounted for nearly a third of Turkey's estimated 1996 public sector borrowing requirement
Public Sector Borrowing Requirement
= Total current expenditure (B) + net capital spending (C) - total current receipts (A) - privatisation proceeds (22) + other financial adjustments (23)
Indeed, the consolidated public sector borrowing requirement
, inclusive of the FILP, is estimated by the OECD at nearly 5 per cent of GDP, while net indebtedness is much higher than apparent from the narrower general government definition.
Thus the overall public sector borrowing requirement
is expected to rise from 6.2 to 6.6 per cent of GDP.
Current primary expenditure 27.0 38.5 +11.5 Interest payments 2.3 11.2 +8.9 Investment 2.8 3.8 +1.0 Total expenditure 32.1 53.5 +21.4 Total receipts 29.2 34.3 +5.1 Gross dissavings -0.1 15.0 +15.1 Net borrowing 2.9 19.2 +16.3 Public enterprises borrowing 1.0 1.7 +0.7 PSBR (public sector borrowing requirement
) 3.9 20.9 +17.0 Memorandum item:
The 1990 Budget projected a further small fall in the EBR to 2.1 per cent of GNP, with the Public Sector Borrowing Requirement
(which includes borrowing by state-owned enterprises) expected to rise to 3.5 per cent of GNP compared with 3.2 per cent in 1989 (Table 13).