Public sector net cash requirement
- Public sector net cash requirement
Public Sector Net Cash Requirement (PSNCR) is the budget deficit in the UK. It is the difference between Government expenditure and Government income. Government Revenues/Income is mainly derived from taxes. Governments usually plan their budget expenditure based on a forecast the revenue from taxes.
Overview
If there is a short fall in tax revenue or there is excessive government spending, there will be a budget deficit, therefore the government needs to borrow from the capital market by issuing Debt (Bonds), alternatively, if there is substantial tax revenues generated from corporations as well as high levels of employment (leading to higher PAYE tax revenues), this will lead to a reduction in the budget deficit therefore reducing the Governments’ public sector borrowing.
High PSNCR leads to inflation (as a result of excessive government spending).
Wikimedia Foundation.
2010.
Look at other dictionaries:
the public sector net cash requirement — UK US noun [S] (UK ECONOMICS, GOVERNMENT ► the amount of money the government has to borrow when taxes and its other sources of income are not enough to pay for all the services it needs to provide: »The UK public sector net cash requirement… … Financial and business terms
Public sector borrowing requirement — (PSBR) is the old name for the budget deficit in the United Kingdom. The budget deficit has been renamed to the public sector net cash requirement (PSNCR) to avoid confusion with net borrowing.PSBR occurs when expenditures for the government… … Wikipedia
the public sector borrowing requirement — UK US noun [S] (ABBREVIATION PSBR) UK OLD USE ECONOMICS, GOVERNMENT ► the amount of money the government has to borrow when taxes and its other sources of income are not enough to pay for all the services it needs to provide. The public sector… … Financial and business terms
requirement — re‧quire‧ment [rɪˈkwaɪəmənt ǁ ˈkwaɪr ] noun 1. [countable] something that an official organization says a company or person must have or do: • There are deed restrictions, including a requirement that the buyer live in the property. 2.… … Financial and business terms
Public-private partnership — (PPP) describes a government service or private business venture which is funded and operated through a partnership of government and one or more private sector companies. These schemes are sometimes referred to as PPP or P3.In some types of PPP … Wikipedia
PSNCR — The public sector net cash requirement is a measurement of the UK government s borrowing requirement, i.e. the difference between what the government spends each year and what it receives in taxes. The market watches the PSNCR closely because… … Financial and business terms
Norman Lamont, Baron Lamont of Lerwick — Norman Lamont redirects here. For the Scottish Liberal MP, see Sir Norman Lamont, 2nd Baronet. The Right Honourable The Lord Lamont of Lerwick PC Chancellor of the Exchequer In office 28 November 1990 – 27 May 1993 … Wikipedia
Financial market — Finance Financial markets Bond market … Wikipedia
brazil — /breuh zil /, n. brazilwood. [1350 1400; ME brasile < ML < It < Sp brasil, deriv. of brasa live coal (the wood being red in color) < Gmc; see BRAISE] * * * Brazil Introduction Brazil Background: Following three centuries under the rule of… … Universalium
Brazil — Brazilian /breuh zil yeuhn/, adj., n. /breuh zil /, n. a republic in South America. 164,511,366; 3,286,170 sq. mi. (8,511,180 sq. km). Cap.: Brasília. Portuguese and Spanish, Brasil. Official name, Federative Republic of Brazil. * * * Brazil… … Universalium
