Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “austerity budget”

austerity budget

noun [C]
 
 
ECONOMICS, GOVERNMENT
a budget in which a government announces that they will spend less money or do things that will make people spend less money, for example, increase taxes: The opposition party proposed an austerity budget that included tax rises and spending cuts.
(Definition of austerity budget from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of austerity budget?
Add Cambridge dictionaries to your browser to your website

Word of the Day

blueprint

a photographic copy of an early plan for a building or machine

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More