Definition, Meaning & Synonyms

severe-austerity

Noun

/sɪˈvɪər ɔːˈstɛrɪti/

Definition

A state of strict economic measures that are implemented to reduce government budget deficits, often characterized by significant cuts in public spending.

Examples

During the economic crisis, the government implemented severe austerity measures that impacted many social services.
Citizens protested against the severe austerity policies, which they felt harmed the most vulnerable populations.
Several countries have faced severe austerity in response to rising debts and economic instability.

Meaning

Severe austerity refers to intense and stringent policies focused on reducing public deficits, often leading to decreased investment in public services and social benefits.