austerity measures

austerity measures
austerity measures UK US noun [plural] ECONOMICS, GOVERNMENT
official action by a government to reduce the amount of money it spends, or the amount of money that people in a country spend: »

The government has imposed harsh economic austerity measures to contain the crisis.

»

Austerity measures announced today include a €5 bn cut to the welfare budget.


Financial and business terms. 2012.


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