"Fiscal austerity" means reducing government spending and increasing taxes to lower a country's overall debt and bring its finances under control. It is like a financial diet for a country, aiming to save money and avoid further borrowing.
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«fiscal»
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Sentences with «fiscal austerity»
- Even in a time of fiscal austerity, education is more than just an expense. (huffingtonpost.com)
- But that would mean another round of mild fiscal austerity that would weigh on growth. (canadianbusiness.com)
- The unprecedented post-war European economic crisis which began in 2007 and the resulting fiscal austerity policies are generally considered to have had a negative impact on public health. (sciencedaily.com)
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