Outrageously Funny Word Dictionary :: Austerity

👉 Austerity refers to a period of reduced spending or revenue, often as a response to economic downturns. It involves cutting public services and programs to reduce government debt. In simple terms, it's when you cut back on things that people use most for their basic needs like food, housing, healthcare, and education. This is done to help the government avoid running out of money or having to borrow more from the banks. Austerity measures can also include cutting taxes to make the budget less expensive,

austerity