The government's austerity measures led to widespread cuts in public services and social welfare programs.

in economics, austerity is a state of reduced spending and increased frugality in the financial sector. Austerity measures are often taken by government as an attempt to reduce expenditures and shrinking growing deficits.

The cast of Austerity Love - 1958 includes: Nestor de Villa

Austerity is severity of manners or life, or the act of deficit-cutting, perhaps involving lower spending, or higher taxes.

Example: The period of rationing in the UK during and after World War 2 was a time of austerity.