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 ?
Khattar's Officer On Special Duty ( OSD) Jawahar Yadav slammed the Congress for criticising the move and said the government did not flout any austerity measure as new cars were a " necessity".
Global Banking News-October 8, 2010--Central bank of Portugal says austerity measure indispensable even though may hamper economic growth(C)2010 ENPublishing - http://www.
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.
Saudi Arabia's attorney general on Sunday confirmed 11 princes had been arrested after protesting the kingdom's austerity measures and would face trial after "disrupting public peace and order.
Summary: Kuwait went to polls on Sat (Nov 26), with nearly 300 candidates contesting for the 50 parliamentary seats; campaigning had focused mainly on austerity measures adopted by the government in the past year.
All I can say at a time when deep cuts have already been made in the council's budget, 1,400 jobs have been lost since 2010, services slashed and another 1,000 jobs forecast to be lost by 2020, does he not understand that it's his Tory government that are bringing about this misery by imposing their austerity measures on the council.
ILOA NEW report by the International Labour Organisation (ILO) looking financial trends of 187 countries from 2010 to 2020 argues the world could face a second 'adjustment shock' next year and ensuing austerity measures.
The southern European nation has been suffering under strict austerity measures, such as reduced social spending and higher taxes, for the past five years, and the top two workers' unions in the nation organized the protests as a way to push back against the ruling government.
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.