In economic policy, austerity is a set of political-economic policies that aim to reduce government budget deficits through spending cuts, tax increases, or a combination of both.[1][2][3] There are three primary types of austerity measures: higher taxes to fund spending, raising taxes while cutting spending, and lower taxes and lower government spending.[4] Austerity measures are often used by go
![Austerity - Wikipedia](https://cdn-ak-scissors.b.st-hatena.com/image/square/d243167883e769185e3961efe380f8ab928acbd0/height=288;version=1;width=512/https%3A%2F%2Fupload.wikimedia.org%2Fwikipedia%2Fcommons%2Fthumb%2Fc%2Fcd%2FGovernment-Vedder-Highsmith-detail-1.jpeg%2F1200px-Government-Vedder-Highsmith-detail-1.jpeg)