austerity
a government plan to spend less money (and sometimes raise taxes)
a policy of reducing government spending and/or increasing taxes to lower public debt and deficits, often during economic difficulty
a serious, strict way of behaving that feels cold
the quality of being strict, severe, or emotionally restrained, without softness or friendliness
a simple life without extra comfort or luxury
a way of life or style that is very simple and plain, with few luxuries or comforts
doing without pleasure or comfort for religious reasons
strict self-discipline and self-denial, especially for religious reasons, such as fasting or avoiding comforts
- Base: austerity
- Plural: austerities, austerity
an age of austerity
1period marked by strict cutbacks
a time when many people must spend less
- In an age of austerity, even popular programs faced funding cuts.
- The novel is set in an age of austerity after the war.
- Businesses adapted their strategies to an age of austerity.
- We are living in an age of austerity.
austerity budget
1budget focused on cutbacks
a government budget that cuts spending
- The chancellor delivered an austerity budget that reduced departmental funding.
- Opposition parties rejected the austerity budget as unfair.
- An austerity budget can shift the cost of services onto households.
- They announced an austerity budget.
- The budget included spending cuts.
austerity drive
1campaign to cut spending
a planned effort to spend less money
- The company launched an austerity drive after profits fell.
- An austerity drive across the public sector reduced hiring and travel budgets.
- Managers were asked to find savings as part of the austerity drive.
- The company began an austerity drive.
- The drive reduced costs.
austerity measures
1official spending cuts and tax rises
government actions to spend less (and sometimes tax more)
- The finance minister announced new austerity measures after the budget review.
- Austerity measures led to reductions in health and education spending.
- Several countries abandoned austerity measures once growth returned.
- The government introduced austerity measures.
- Austerity measures can cut public services.
austerity programme
1planned package of budget cuts
a government plan to reduce spending over time
- The country agreed to an austerity programme as part of an international loan deal.
- The austerity programme included pay freezes and benefit reforms.
- Protests grew as the austerity programme expanded to local government budgets.
- They started an austerity programme.
- The programme reduced public spending.
fiscal austerity
1strict government budget tightening
a strict policy to reduce government deficits
- Some economists argue that fiscal austerity is harmful during a recession.
- Fiscal austerity can reduce inflation but also slow growth.
- The report compared fiscal austerity across several European countries.
- Fiscal austerity means stricter government budgets.