The full extent of governmental borrowings (8,4)
I believe the answer is:
national debt
This clue could be a double definition.
'the full extent' is the first definition.
The definition suggests a singular noun which matches the answer.
'of governmental borrowings' is the second definition.
The definition suggests a singular noun which matches the answer.
Can you help me to learn more?
(Other definitions for national debt that I've seen before include "something for government to handle" , "Money a country owes" , "Country's total borrowing" , "Do we all owe this" , "which the whole country must pay for" .)