public spending

noun

1. expenditure by central government, local authorities, and public enterprises

Example Sentences

Argentina’s bonds and equities have swung wildly in recent months as markets gauged whether his promise to slash public spending could survive politically.

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So far, Milei has shrunk the country’s bloated government bureaucracy and ruthlessly cut public spending, which has caused painful job losses but also tamed runaway inflation.

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Lawmakers overturned a Milei veto for the first time in September and two vetoes this month, reinstating bills that increased public spending.

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Since bursting onto the scene and winning power in a country whose economy was in free fall, Milei has relied on presidential decrees to drive though an overhaul that has sharply reduced inflation and public spending.

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Government borrowing - the difference between public spending and tax income - in September rose to £20.2bn, the highest for that month in five years, according to the Office for National Statistics.

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