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public spending round

noun
🔊/ˌpʌblɪk ˈspendɪŋ raʊnd/
🔊/ˌpʌblɪk ˈspendɪŋ raʊnd/
[singular]
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  1. the arrangement made every year by the British government in which different government departments are given money for the year. The public spending round is announced in the budget, together with details about how taxes will be collected.