Meaning of “austerity measures” in the English Dictionary

business-english dictionary

"austerity measures" in Business English

See all translations

austerity measuresnoun [ plural ]


official action by a government to reduce the amount of money it spends, or the amount of money that people in a country spend:

The government has imposed harsh economic austerity measures to contain the crisis.
Austerity measures announced today include a €5 bn cut to the welfare budget.

(Definition of “austerity measures” from the Cambridge Business English Dictionary © Cambridge University Press)