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 [1][2][3] There are three primary types of austerity measures: higher taxes to fund spending, raising taxes while cutting spending, and lower taxes and lower governmen
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
Austerities - definition of austerities by The Free Dictionary Define austerities austerities synonyms, austerities pronunciation, austerities translation, English dictionary definition of austerities n pl aus·ter·i·ties 1 The quality of being austere 2 Severe and rigid economy: wartime austerity 3 An austere habit or practice American Heritage®