The alternative to PFI is not that we build the hospitals in the old way with public borrowing at a very big level.
32.
"It is therefore a little difficult to take seriously the Chancellor's claim today that public borrowing is " going firmly downward, " he said.
33.
It has stuck to its pledge not to raise income taxes or public borrowing and has gone out of its way to court business.
34.
The U . S . banks are betting that they can use their expertise as world-class underwriters to ride the boom in public borrowing.
35.
Total public borrowing is now about US $ 130 billion, the first time the figure is below the annual gross domestic product since the crisis.
36.
That, coupled with a devaluation of the Argentine currency, followed years of heavy public borrowing and lavish government spending in the years before the meltdown.
37.
The Conservatives, who want to freeze all budgets except health and education, say they would strive instead to reduce public borrowing and possibly reduce taxes.
38.
The move would have a ripple effect across the British farm industry and its cost would force the government to overshoot its targets for public borrowing.
39.
Many Argentines still blame lavish public borrowing and spending through the Menem years for a deep economic crisis that came to a head in December 2001.
40.
The slowdown in Europe's biggest economy means other European nations will likely struggle to reduce their public borrowing to the levels required by the Maastricht Treaty.
