Public Sector Net Borrowing

DEFINITION of 'Public Sector Net Borrowing'

In the U.K., the amount of expenditures less the total receipts taken in by the government. Public sector net borrowing is the measure of fiscal surpluses and deficits along with the amount of new debt created. If this number is positive, it means the U.K. is running a fiscal deficit, while a negative number represents a fiscal surplus.

BREAKING DOWN 'Public Sector Net Borrowing'

The Office of National Statistics in the U.K. issues an estimate of the public sector net borrowing each month. This statistic is often used by forex traders to determine the fundamental health of the British economy and currency.