Austerity - Wikipedia In economic policy, austerity is a set of political-economic policies that aim to reduce government budget deficits through spending cuts, tax increases, or a combination of both
Austerity | Economics, Government Spending Social Policy | Britannica . . . austerity, a set of economic policies, usually consisting of tax increases, spending cuts, or a combination of the two, used by governments to reduce budget deficits Austerity measures can in principle be used at any time when there is concern about government expenditures exceeding government revenues
What is Austerity? | Definition, Examples, Analysis - Perlego Austerity refers to the cutting of public expenditures—such as in the realms of education, healthcare, infrastructure, and social services—in order to improve a country’s economic standing Austerity can also include the raising of taxes to increase the amount of revenue that the government receives
What is Austerity? Definition, Effects, and Controversies Austerity is a set of economic policies aimed at reducing government budget deficits through spending cuts, tax increases, or a combination of both Typically implemented during times of economic downturn, austerity measures are designed to reduce national debt and restore fiscal balance
AUSTERITY definition and meaning | Collins English Dictionary Austerity is a situation in which people's living standards are reduced because of economic difficulties an economic austerity programme the years of austerity which followed the war If you refer to something as showing austerity, you like its plain and simple appearance