Austerity Measure

Austerity Measure

Any policy a government implements to reduce its deficit. Austerity measures are adopted when the deficit becomes unsustainable and the government is unable to borrow to finance further spending. Generally, austerity measures consist of some combination of tax increases and spending cuts, often in welfare and social service programs. They derive their name from the fact that they usually are politically unpopular.
References in periodicals archive ?
People were protesting the privatization of the Bolivian water supply, an austerity measure, and the increase of the cost of water beyond what the typical Bolivian could afford.
The Government also claim that their austerity measure policies have worked - this is a terrible falsehood - growth has been achieved through additional measures of Funding for Lending, Right to Buy Scheme, Quantitative Easing (QE) - including breaching their previous promise not to use income from these funds as government income.
Wage reduction imposed on Greek people in the last two years as an austerity measure to tackle the debt crisis will not resolve the problems faced by Athens.
RIO DE JANEIRO, Muharram 05, 1437, October 18, 2015, SPA -- Brazil President Dilma Rousseff on Sunday expressed support for Finance Minister Joaquim Levy and said the government will continue efforts to push austerity measures through Brazil's Congress, Reuters reported.
BAGHDAD / NINA / Head of the National Coalition (Watania List), Iyad Allawi said the government's action to cancel positions is austerity measures and not reforms.
ATyNA (CyHAN)- With a final vote of 230 in favor, 63 against, the Greek parliament has approved the second round of austerity measures, clearing the way for a third bailout package.
In the vote on the first set of austerity measures approved last week, 39 Syriza MPS had voted against the bill as well.
Osborne gets pats on the back for cutting the budget deficit while Carwyn Jones and local councillors get kicked up the backside for cuts to services necessitated by Osborne's austerity measures.
George Osborne has warned of a second wave of austerity measures to the sum of PS55m cutbacks should the Tories be re-elected.
On Monday, members of a feminist group showed their disagreement with Belgian Prime Minister Charles Michel's austerity measures by throwing mayonnaise and fries at the PM, reports USA Today.
Austerity measures that are firmly targeted at the poor, disabled and most vulnerable communities.