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CEFR C2 — Proficiency

Austerity

Definition

(formal) A state of reduced spending and consumption, especially by a government, in order to balance the budget or achieve economic stability; a condition of simplicity, severity, and self-discipline. Often used in the context of economic policy, where it involves reducing public expenditure and increasing taxes to reduce debt and promote economic recovery.

Example Sentences

1The government's austerity measures, including cuts to public services and increased taxes, have been met with widespread criticism and protests.
2Is the imposition of austerity a necessary evil in times of economic crisis, or does it merely exacerbate existing social inequalities?
3The company's austerity drive has led to significant cost savings, but at the expense of employee morale and job security.
4Austerity policies have been shown to have a disproportionate impact on vulnerable populations, such as the poor and the elderly.
5There is a growing debate among economists about the effectiveness of austerity as a means of achieving long-term economic growth and stability.

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