Sentences with phrase «public borrowing»

Public borrowing refers to the practice where governments borrow money from individuals, businesses, or other countries to fund their public expenditures, such as infrastructure projects, healthcare, or education. It is a way for governments to finance their activities when they don't have enough tax revenue. These borrowed funds need to be repaid in the future with interest. Full definition
It is not in favour of public borrowing to fund current expenditure and is in favour of borrowing to fund investment.
Surely cuts in government waste must go to substantially reducing public borrowing.
Municipal bonds rank third among the different forms of public borrowing, after federal and provincial bonds.
At a time when the government has smashed through the EU's limits for public borrowing of three per cent of GDP (currently at 12.6 per cent!)
A growth policy, which is desperately needed, could be generated without any increase in public borrowing, by switching Mervyn King's further # 25bn tranche of QE from the banks to industrial investment, by taxing the ultra-rich on the # 155bn gains they've made (according to the Sunday Times) over the last 3 years, and / or by instructing the nationalised banks RBS and Lloyds to prioritise their lending on jobs in house - building and infrastructure.
There are three dangers associated with unsustainable borrowing: firstly, in an economy with a low level of saving, increased borrowing may push up interest rates and crowd out private sector economic activity; secondly, high borrowing can increase pressures to increase taxation; and thirdly, increased public borrowing adds to the National Debt, which requires greater servicing.
Come the Budget, the GDP forecasts, along with the horrendous public borrowing figures, will look incomparably worse.
The Maastricht Treaty of 1992 and the Stability and Growth Pact imposed restrictions on EU member states» levels of public borrowing as a precondition of the establishment of European Monetary Union.
[4] On the other hand, many would argue that since the track record in so many cases suggests that, once public borrowing starts, governments find it very hard to stop, perhaps that conservatism is for the best.
I don't know if you saw it — he made all the right Keynesian points re: the limited fiscal deficit run by Labour prior to the crash; the need for expansive public borrowing and expenditure post-2008 to keep the economy afloat; the fact that this explained the massive deficit coming out of the recession; the fact that fiscal austerity would be economically disastrous and result in a double dip recession, low productivity and stunted growth for a prolonged period.
«McBride allowed the Tories to dominate the economic argument by presenting the issues as simply public borrowing and debt,» says a former No 10 adviser.
Balls has even ruled out making electoral proposals for extra capital spending paid for by public borrowing.
The Labour government was also accused of concealing large amounts of public borrowing through schemes such as the Private Finance Initiative.
«Without the tax cuts and substantial public borrowing that the prime minister says are needed to help the UK economy, the chancellor would have very limited room for manoeuvre.
When the Conservatives came to power in 1979, public borrowing stood at around # 8.5 billion, having been supplemented by loans from the International Monetary Fund intended to avert a balance of payments crisis.
The party's leader Nick Clegg told a conference rally in Bournemouth they had to be «realistic» about the promise to abolish tuition fees, as new figures out today show total public borrowing has risen above # 800bn for the first time.
It is a highly readable account of the financial mess we are in and challenges a lot of assumptions — in particular George Osborne's apocalyptic insistance that cutting public borrowing is the main priority and that the situation is analogous to where the UK was at in the late - 70s / early - 80s.
He said Labour's decision to hike up public borrowing to combat the recession was «like an addict returning to the drug».
With public borrowing planned to reach 57 per cent of GDP and David Cameron abandoning his party's link with the government's total spending plans, politics had just got interesting again.
And has Britain's low public borrowing and stable interest rate regime prepared it for the troubles ahead?
It lasted 55 minutes - forecast public borrowing will total # 149bn this year and raised VAT to 20 per cent - as Chancellor George Osborne hit the Commons dispatch box 85 times.
Ryan Bourne, of the Centre for Policy Studies think - tank, said: «There was me thinking we had huge public borrowing.
Growing jobs by subsidy is easy, provided that one cares nothing for the far greater number of jobs destroyed by the additional taxation, energy price hikes, or public borrowing necessary to pay for the subsidy.
The province said its long - term public borrowing need for the current fiscal year was $ 39.9 billion, an increase of $ 200 million from the forecast last spring but up $ 1.2 billion from fall targets.
Instead of competing with the Tories over cuts, Labour should be demanding a major public sector investment programme of job creation in infrastructure, housing, and service provision funded, not by any increas in public borrowing, but by taxing the 0.1 % super-rich on their # 190bn gains since the crash 4 years ago.
Angela Eagle MP, Labour's Shadow Chief Secretary to the Treasury, said in response to today's public borrowing figures:
And he rejects the idea that increased public borrowing would necessarily scare the markets: Japan, the US and the UK are running looser fiscal policies while still enjoying low rates of borrowing.
In this environment, policymakers would do well to not only be cautious and forward - looking in managing the level and structure of public borrowing, but vigilant about detecting and defusing potential build - ups of vulnerabilities in the private sector as well (and, as our unfortunate experience shows, off - balance sheets as well as on).
But, while politicians in London have the powers to raise finance from tax and public borrowing, the Cardiff - based government doesn't.
It was there in the Budget, but blink and you'd have missed Darling's insistent note that not undergoing his public borrowing «would lead in the end to higher, not lower, debt».
Public borrowing is controversial both politically and economically.
The Chancellor will predict that public borrowing will soar to # 76bn in the financial year as the Government's revenues plummet, and then increase to a record # 118bn next year as the recession bites.
He may be planning the salary cut as an attempt to gain the moral high ground as the party braces itself for what might be an unpopular first few months in office as it tackles the expected # 175bn mountain of public borrowing.
«A shortage of public borrowing is not the problem.
The legal opinion is usually rendered by a law firm recognized as specializing in public borrowings, often referred to as «bond counsel.»
Public borrowing has been substituted for private borrowing, with an attendant increase in sovereign risk.
I can accept denying the public borrowing privileges — but closed stacks at Canada's biggest research library is wrong — very, very wrong.
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