Definition, Meaning & Synonyms
austerity measures
noun
/ɔːˈstɛr.ɪ.ti ˈmɛʒ.ərz/
Definition
Austerity measures are policies aimed at reducing government deficits through spending cuts and increases in taxes.
Examples
- After the financial crisis, many countries adopted austerity measures to curb their rising debt.
- The government’s austerity measures led to significant cuts in public services.
- Protests erupted in response to the harsh austerity measures implemented by the administration.
Meaning
These measures are often implemented during times of economic crisis to stabilize a country’s finances.
Synonyms
- budget cuts
- spending cuts
- fiscal tightening
