When a Country Has a Public Sector Borrowing Requirement, It

Multiple Choice

When a country has a public sector borrowing requirement, it means that

A) nationalised industries are being subsidised.
B) the total expenditure of central government, local government and public corporations exceeds the tax revenues and sales revenues collected by those bodies.
C) the government has accumulated debt over a number of years.
D) central government's spending exceeds its tax receipts.