Financial austerity refers to a practice of cutting government spending and reducing public expenses in order to improve the overall financial situation of a country. It usually involves reducing budgets, increasing taxes, and implementing other actions to reduce debt and achieve economic stability.
Full definition
Synonyms for individual words can be found below.
«financial»
«austerity»
Sentences with «financial austerity»
- In times of financial austerity, military spending is constrained by the willingness of a society to pay for its security and interests. (blog.politics.ox.ac.uk)
- What's unclear is how a state hell - bent on financial austerity can afford to create what is essentially a new parallel school system of taxpayer supported charter schools. (salon.com)
- Although ISU combines space and education — two areas that are prime targets for financial austerity advocates — 75 percent of ISU graduates successfully find jobs in their field. (sciencemag.org)
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