What is the definition of Austerity budget? | Dictionary.net

AUSTERITY BUDGET

\ɔːstˈɛɹɪti bˈʌd͡ʒɪt], \ɔːstˈɛɹɪti bˈʌd‍ʒɪt], \ɔː_s_t_ˈɛ_ɹ_ɪ_t_i b_ˈʌ_dʒ_ɪ_t]\

Definitions of AUSTERITY BUDGET

1910 - Black's Law Dictionary (2nd edition)

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When a budget is decided by the government to reduce deficit. The goal is to cut comsumer spending.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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