An
"austerity package" refers to a set of measures or efforts taken by a government to reduce spending and increase revenue in order to address a financial crisis or control a budget deficit. It typically involves cutting public spending, reducing government services, increasing taxes, and implementing other economic measures to reduce the overall budget deficit.
Full definition
Synonyms for individual words can be found below.
«austerity»
«package»
Sentences with «austerity package»
- European leaders are introducing a blend of austerity packages and measures to boost consumer spending to get out of the slump. (blog.politics.ox.ac.uk)
- «Opposition parties reject his latest austerity package on the grounds that the belt - tightening agreed in return for a $ 110bn ($ 155bn) bail - out is choking the life out of the economy.» (michael-hudson.com)
- The EU has imposed austerity packages on its own member states forcing privatisation, welfare cuts and unemployment. (totalpolitics.com)
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sentences)