Definition of «austerity»

Austerity refers to a policy or practice of reducing spending, often in response to economic challenges. It can involve cuts in government programs and services, as well as measures taken by individuals or businesses to reduce their own expenses. The goal is typically to increase fiscal responsibility and balance the budget, but it can also result in reduced public services and hardship for those who rely on them.

Usage examples

The government implemented an austerity measure by cutting public spending on social welfare programs.
The company faced financial difficulties and had to adopt an austerity policy, leading to layoffs and reduced employee benefits.
The European Union imposed strict austerity measures on Greece to address its overwhelming national debt.
The family decided to live a life of austerity, downsizing their home, canceling subscriptions, and limiting their expenses to save money.
The school district announced an austerity plan to cope with the budget deficit, resulting in reduced extracurricular activities and fewer resources for teachers.

Phrases with «austerity»

Sentences with «austerity»

So it is not correct to say that arsenal were never in the title race during the period of austerity measures. (justarsenal.com)
It further looks at the position of artist vis a vis market forces, the future of art education and artistic practices in light of austerity measures. (iniva.org)
Clearly, the schedule is designed to send a message of austerity in a state facing a budget deficit estimated as high as $ 10 billion. (timesunion.com)
(see all sentences)

Definition of «austerity»

Usage examples

Phrases with «austerity»

Sentences with «austerity»

See also