* * *
government borrowing UK US noun [C or U] GOVERNMENT, ECONOMICS
► money that the government borrows to spend on public services: »
The government wants to pay for the tax cuts, new defence spending, and reforms of the health system using more government borrowing.
»The funds we raise go directly to the Government to be invested in public services and to reduce government borrowings.
cut/reduce/increase government borrowing »He needs to be specific on whether he will or will not increase government spending and borrowing.
Financial and business terms. 2012.