Outcomes - PSNCR - Public Sector Net Cash Requirement

The PSNCR is the amount of money the government has to borrow to meet its expenditure. Governments often spend more than they receive in tax revenue and the only way to plug the gap is to borrow. The PSNCR is the total level of borrowing required each year to make these ends meet.

To help understand why the value of the PSNCR is important and how it affects the rest of the economy, there are a variety of resources:

• An explanation of the PSNCR and how it is measured
• Relevant theories about the PSNCR
• A worksheet to help understand what causes a PSNCR in the economy