Topics

Austerity

Austerity is the name used for government ficsal policy which is aimed at reducing a government's deficit (or borrowing). Fiscal austerity can be achieved through increases in government revenues - primarily via direct and indirect tax rises - and/or a reduction in government spending or future spending commitments.

© 2002-2024 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.