Difference between revisions of "Austerity Measures"
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Latest revision as of 18:36, 11 March 2020
Austerity Measures - (adjective + noun)
Definition
Reductions in government spending and/or increases in tax revenues to lower budget deficits.
Extra
Source: Own Definition
Example of Use: The government was forced to carry out austerity measures by the IMF when it seemed that it was going to default on its debt.
