- The quality of being austere.
- Severe and rigid economy: wartime austerity.
- An austere habit or practice.
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Results for austerity
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noun
Definition: barrenness
Antonyms: elaborateness, luxuriousness
n
Definition: grimness
Antonyms: exuberance, joy
n
Definition: refraining; abstinence
Antonyms: abandonment, elaborateness, extravagance, indulgence, spending
n
Definition: severity
Antonyms: blandness, calmness, gentility, lenience, meekness, mildness, permissiveness
In economics, austerity is when a national government reduces its spending in order to
pay back creditors. Austerity is usually required when a government's fiscal deficit spending is felt to be unsustainable.
Development projects, welfare programs and other social spending are common areas of spending for cuts. In many countries, austerity measures have been associated with short-term standard of living declines until economic conditions improved once fiscal balance was achieved (such as in the United Kingdom under Margaret Thatcher, and Canada under Jean Chretien).
Private banks, or institutions like the International Monetary Fund (IMF), may require that a country pursues an 'austerity policy' if it wants to re-finance loans that are about to come due. The government may be asked to stop issuing subsidies or to otherwise reduce public spending. When the IMF requires such a policy, the terms are known as 'IMF conditionalities'.
In the West, the most wartime austerity (1940-1945), which was followed by postwar austerity (1945-early 1950s).
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Dansk (Danish)
n. - spartanskhed, askese
Nederlands (Dutch)
eenvoud, soberheid, slechte economische toestand, (mv) sobere levensstijl (b.v. van monnik)
Français (French)
n. - austérité, restrictions
Deutsch (German)
n. - Strenge, Enthaltsamkeit, Einschränkung
Ελληνική (Greek)
n. - αυστηρότητα, λιτότητα
Italiano (Italian)
austerità, frugalità, parsimonia
Português (Portuguese)
n. - austeridade (f)
Русский (Russian)
суровость, аскетизм, простота (без излишеств), крайняя экономия
Español (Spanish)
n. - austeridad, sobriedad, frugalidad, moderación, economía
Svenska (Swedish)
n. - stränghet
中文(简体) (Chinese (Simplified))
节俭, 苦行, 朴素
中文(繁體) (Chinese (Traditional))
n. - 節儉, 苦行, 樸素
한국어 (Korean)
n. - 준엄 , 간소, 금욕 생활
日本語 (Japanese)
n. - 厳しさ, 厳格, 質素, 耐乏生活, 禁欲生活, 厳粛
العربيه (Arabic)
(الاسم) تزمت, قسوه, صرامه
עברית (Hebrew)
n. - חומרה, צנע, פשטות
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![]() | Dictionary. The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2007, 2000 by Houghton Mifflin Company. Updated in 2007. Published by Houghton Mifflin Company. All rights reserved. Read more | |
![]() | Thesaurus. Roget's II: The New Thesaurus, Third Edition by the Editors of the American Heritage® Dictionary Copyright © 1995 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. Read more | |
![]() | Antonyms. © 1999-2008 by Answers Corporation. All rights reserved. Read more | |
![]() | Wikipedia. This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Austerity". Read more | |
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