From Longman Business Dictionarydomestic credit expansiondoˌmestic ˈcredit exˌpansionECONOMICS a way of measuring growth in the total amount of money in a country’s economy at a particular time. It includes bank loans to private customers in the UK and abroad, and the PUBLIC SECTOR BORROWING REQUIREMENT (=the amount of money the government will need to borrow in the future for all its different departments). It does not include the amount of money owed by the government to private companiesIncreased government borrowing tends to lead to increased domestic credit expansion. → expansion
