Word of the Day (austerity)-21JUN23
Word of the Day

Word of the Day (austerity)-21JUN23

Today’s “Word of the Day” is austerity and it is a noun meaning “It is an economic policy that aims to reduce government budget deficits through reductions in government spending, increases in tax revenues, or both (in the wake of the financial crisis). It simply means “cost-cutting” or “deficit-cutting” by a government”. […….]