From ACT Wiki
Austerity measures are reductions in public expenditure, increases in taxation, or both at the same time.
- Austerity and fiscal balance
- "Under Brussels' supervision, periphery governments imposed austerity measures to rein in government spending and restore balance to the fiscal finances."
- The Treasurer magazine, Cash Management Edition April 2019 p22, Frances Coppola, economics and finance commentator and speaker.
Difficult economic conditions following government measures to reduce public expenditure.