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Central Government Net Cash Requirement


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(CGNCR)

In the UK, the Public Sector Net Cash Requirement (PSNCR) less any borrowings by local authorities and public corporations from the private sector. Since local authorities and public corporations both have a measure of freedom in deciding how much they borrow, the government does not have the complete control over the PSNCR as it does over the CGNCR.

Subjects: Financial Institutions and Services.


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