private spending
nounUK /ˈpraɪvət ˈspendɪŋ/
US /ˈpraɪvət ˈspɛndɪŋ/
Money that people and businesses spend, not the government.
The report showed that private spending on health care rose last year.
OTHER MEANINGS
2. Money spent by individuals on goods and services for their own use.
Holiday shopping boosted private spending in December.
3. Money spent by companies on equipment, buildings, and other business needs.
Private spending on new factories created many jobs.
4. The part of a country's economy that is not controlled by the government.
Economists compare private spending with government spending to understand growth.