Definition of «austerity measures»

Austerity measures refer to a set of economic policies aimed at reducing government spending, increasing taxes or both in order to reduce budget deficits and national debt. These measures typically involve cuts in public expenditure on programs such as healthcare, education, social welfare, and infrastructure development among others. The goal is to restore fiscal discipline by limiting the size of government and reducing its overall cost to taxpayers. Austerity measures are often implemented during times of economic hardship or when a country's debt levels become unsustainable. While these policies can help reduce deficits, they may also have negative social consequences such as increased poverty, unemployment, and reduced access to public services.

Sentences with «austerity measures»

  • So it is not correct to say that arsenal were never in the title race during the period of austerity measures. (justarsenal.com)
  • It may be questionable which effect austerity measures imposed on crisis - hit states can have on social cohesion and sustainable growth. (europeanlawblog.eu)
  • In a country that has imposed tough spending controls and austerity measures on all government departments, investing in the future means getting at the end of a very long line. (canadianbusiness.com)
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