austerity
Severe spending cuts
Austerity is primarily used in the context of an economy and scarcity of something: money, goods, or jobs.
It is a term that governments and economists like to use to characterize difficult times.
Governments may impose austerity measures, policies, programs, or packages in order to reduce spending.
The underlying adjective, austere, is closely related and characterizes severity, strictness, and abstinence.
Economical resource management
- thriftCareful use of resources
- savingReserving for future use
- economizingReducing expenditures deliberately
- budgetingAllocating funds systematically
scrimping · penny-pinching · parsimony · cost-cutting · belt-tightening · sacrifice · self-denial · abstinence
Rigorously simple, unadorned
- bareLacking any covering
- unadornedLacking decoration or ornament
- starkSevere and unadorned
- plainBasic and unremarkable
severe · minimalist · monastic · simple · unembellished · stripped-down · functional · utilitarian
State of lacking necessities
- povertySevere lack of resources
- scarcityInsufficiency of something needed
- struggleLabored effort against resistance
- sufferingSustained experience of distress
want · privation · adversity · penury · shortage · rationing · hunger · neediness
Plan for spending
recession · bailout · debt · taxation · reform · consolidation · reduction · measures
Inflexibility in enforcement
- rigorStrict, thorough precision
- sternnessUncompromising strictness of manner
- harshnessUnsparing quality or manner
- severityIntensity of sternness
inflexibility · stringency · rigidity · discipline · draconian · stern · uncompromising · exacting
frugality
Economical resource management
- thriftCareful use of resources
- savingReserving for future use
- economizingReducing expenditures deliberately
budgeting · scrimping · penny-pinching · parsimony · cost-cutting · belt-tightening · sacrifice · self-denial · abstinence · renunciation
spartan
Rigorously simple, unadorned
plain · severe · minimalist · monastic · simple · unembellished · stripped-down · functional · utilitarian · clean
deprivation
State of lacking necessities
- povertySevere lack of resources
- scarcityInsufficiency of something needed
- struggleLabored effort against resistance
suffering · want · privation · adversity · penury · shortage · rationing · hunger · neediness · dearth
budget
Plan for spending
fiscal · recession · bailout · debt · taxation · reform · consolidation · reduction · measures · policy
strictness
Inflexibility in enforcement
- rigorStrict, thorough precision
- sternnessUncompromising strictness of manner
- harshnessUnsparing quality or manner
severity · inflexibility · stringency · rigidity · discipline · draconian · stern · uncompromising · exacting · demanding
- cutbackscutback, cutbacks, decrease, layoff, reduction
- saving moneybudget, savings, discount, sale, coupon
- self-controlself-control, restraint, willpower, composure, moderation
- plainnesssimplicity, bareness, starkness, spareness, unadorned
- strictnessseverity, rigor, harshness, rigidity, sternness
- asceticismabstinence, celibacy, ascetic, chastity, mortification
austeritystimulus
What prompts a reaction
spending · Keynesianism · quantitative easing · deficit spending · antiausterity
austerityluxury
Expensive nonessential comfort
extravagance · opulence · indulgence · lavishness · abundance
austerityornateness
Excessive embellishment quality
elaborateness · ornament · embellishment · decoration · baroque
- austerity measuresPolicies reducing government spending
- fiscal austerityReduced government expenditure policy
- austerity policiesReduced public spending programs