31. That could foreshadow more government borrowing ahead and a corresponding rise in interest rates. 32. Higher taxes could also reduce government borrowing , which remains high. 33. Florio has hammered away at Corzine on trade policy, corporate mergers and government borrowing . 34. Conversely, Democrats say, running deficits means more government borrowing and upward pressure on rates. 35. Less government borrowing frees up money for companies to borrow, at lower interest rates. 36. At the same time, the Ministry of Finance demands low interest rates for government borrowing . 37. The OBR predicted government borrowing of ?21 billion in 2013 and ?20 billion for 2014. 38. Government borrowings raise long-term interest rates, stifling economic growth.39. Smaller deficits make more dollars available for productive investment rather than government borrowing , he said. 40. A balanced budget would mean less government borrowing and therefore less upward pressure on rates.