FACTBOX - What to expect from pre-budget report

(Reuters) - The government is expected to announce on Monday it will inject 15 billion pounds and maybe more into the economy in a last-ditch gamble to stave off a deep recession.

Chancellor Alistair Darling's package, known as the pre-budget report, is expected to include tax cuts and increased public spending.

FISCAL STIMULUS

The economy is on the verge of recession but Prime Minister Gordon Brown argues that the downturn can be shorter and less painful if Britain gives a fiscal boost to the economy, particularly if other countries do the same.

David Cameron, leader of the Conservatives, says Britain should not resort to large-scale additional borrowing that would swell the national debt and have to be paid for by higher taxes in future.

HIGHER BORROWING

Even without a further loosening of the purse strings, Darling will have to tear up his previous borrowing forecast of 43 billion pounds for the 2008/09 year, as borrowing had already hit 37 billion pounds by October.

Analysts reckon the combination of falling tax revenues and higher government spending -- typical in a recession -- mean borrowing is likely to be revised up to around 70 billion pounds this fiscal year and close to 120 billion pounds in 2009/10.

LOWER GROWTH FORECASTS