official action by a government to reduce the amount of money it spends, or the amount of money that people in a country spend:
Austerities
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the condition of living without unnecessary things and without comfort, with limited money or goods, or a practice, habit, or experience that is typical of this:
Austerities meaning & definition 1 of Austerities.
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a difficult economic situation caused by a government reducing the amount of money it spends:
Austerities meaning & definition 2 of Austerities.
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