19:46 Jun 13, 2020
Government revenue (tax) less government spending gives you the government/fiscal/budget surplus or deficit. As though there weren’t enough options there, this is also known as net lending (the government has a surplus it can lend to other sectors of the economy) or net borrowing (a deficit which must be funded with borrowing, cf. what used to be called the public sector borrowing requirement (PSBR) in the UK and is now called the net cash requirement). So while it is indeed how much the government has saved during the year, and Swedish refers to it as sparande, it’s simply not called saving in this context. Here endeth the lesson. |