Today’s “Phrase of the Day” is “Cut your coat according to your cloth” and its meaning is “to plan your expenditures in line with your financial conditions and nothing more; to plan your activities in line with your abilities/circumstances and nothing more”.
Example Sentence: The Kerala government has done the right thing to air its dissatisfaction with the Modi government’s authoritarian approach to Centre-State fiscal relations. However, to meet its welfare obligations it must restructure its finances, including paying down debt, so that interest payments take up less of revenue. This implies simultaneously raising revenue and trimming expenditure. A welfare state needs sturdy financial foundations, for you can only cut the coat according to the cloth.
This phrase is present in Funding a welfare state that lasts and click here to read it.
Courtesy: The Hindu
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