Author Question: When a country has public-sector net borrowing, it means that (Read 50 times)

tingc95 · **on:** May 25, 2020

Question 1

The accumulated deficit, less any surpluses, of central and local government over all years is called the
◦ PSNB.
◦ general government debt.
◦ net revenue.
◦ national deficit.

Question 2

When a country has public-sector net borrowing, it means that
◦ the total expenditure of central government, local government and public corporations exceeds the tax revenues and sales revenues collected by those bodies.
◦ central government's spending exceeds its tax receipts.
◦ nationalised industries are being subsidised.
◦ the government has accumulated debt over a number of years.

DHRUVSHAH · **Reply #1 on:** May 25, 2020

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