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  • About the Economic Futures Hub
  • Unit 1: Economics of the Market
  • Unit 2: UK Economic Activity
  • Unit 3: Global Economic Activity
  • Data for Applied Economists

Borrowing

Flashcard Definition

Occurs when a budget deficit exists (government spending exceeds revenues). Means that government debt levels increase.

Block Type
Flashcard
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Related content:
A brief guide to the public finances - Office for Budget Responsibility

The independent Office for Budget Responsibility was established in 2010 to monitor the public sector's finances. Twice a year - usually alongside each Budget and Spring or Autumn Statement - we produce detailed forecasts for the coming five years, assessing the likely impact of any policy decisions and expected developments in the economy.

obr.uk

A brief guide to the public finances - Office for Budget Responsibility
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Who are the Fraser of Allander Institute?

Created by Economic Futures. We are hosted by the FAI. Contact us at economicfutures@strath.ac.uk for feedback or collaboration.

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