public sector net borrowing (PSNB)

Definition

A monthly assessment of the British financial system by the Office of National Statistics in the UK that takes into account the balance created by expenditures minus revenue to determine a fiscal surplus or deficit. Also factoring in any new debt established, public sector net borrowing is frequently used to ascertain the strength of the British market, with positive numbers indicating shortfall and negative numbers indicating surplus.
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Public Sector Borrowing Requirement Public Securities Association