(ECONOMICS) when a government has to restructure spending by massively cutting social programs, development programs, and subsidies on basic necessities. Often accompanied by taxes increases, especially on lower incomes (since the poor cannot escape tax hikes).
Usually we use the term "austerity program" when the government in question has to backtrack on its ideological commitments. An example of this is France, after June 1982. The Socialist government of Mitterrand had just implemented a raft of major new social welfare programs, and was promptly forced to cut everything back when the deficit ballooned.
by Abu Yahya May 5, 2010
Get the austerity program mug.by tangelico July 13, 2009
Get the boganii australis mug.Related Words
Austin
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An Austin is a guy you can really trust and a great listener. He will always be there for you and no matter how much you may try you will never forget him and will still like him when he stops talking to you and likes someone else. He will stick by your side as a friend though and is very trustworthy. He is very talented when it comes to intellect and music and thinks he is the least bit of nerd but he is the smartest person and secretly watches national geographic but, she notices. She notices everything. Although, make a wrong move and you may lose an Austin because he catches feelings for a popular girl prettier than you and still thinks yall are friends because that is the kind of person Austin is. So once you get an Austin. You hold tight. And never let go.
Friend 1: Why on earth do you like Austin?
Friend 2: Austin is the person who can be trusted and truly is a sweetheart he only shows it to people he cares about tho. What can I say. He is just an Austin
Friend 2: Austin is the person who can be trusted and truly is a sweetheart he only shows it to people he cares about tho. What can I say. He is just an Austin
by Fridge250 April 11, 2019
Get the Austin mug.* a country that has the highest standards of living
* stable and growing economy
* smart educated people
* nice land, especially the beachs here
* not a power ego war starting country
* stable and growing economy
* smart educated people
* nice land, especially the beachs here
* not a power ego war starting country
by Dert September 5, 2005
Get the australia mug.Female lead from the popular ABC show, LOST. Played by Evangeline Lilly. A fugitive on the run for blowing up her abusive step-father. Runs away from whatever life she builds, but can't on the island. Adoptive mother of baby Aaron. Love interest of Jack Shepherd and (James) Sawyer (Ford).
by Fan since the Pilot March 11, 2010
Get the Kate Austen mug.1. capital (both governmental and hippie) of Texas
2. live music capital of the world
3. home to the University of Texas
2. live music capital of the world
3. home to the University of Texas
by mossy March 24, 2004
Get the Austin, TX mug.The best fucking music festival in the WORLD!!! Located in Austin, Texas (the best city ever and the live music capitol of the world) every September or October. Since its start, ACL has hosted many bands: Coldplay, The Strokes, Muse, Phish, Vampire Weekend, Jack Johnson, deadmau5, Pheonix, Kings of Leon, Dave Matthews Band, Pearl Jam, and many many more!
Guy 1: Dude im going to Austin City Limits Music Festival this year!!
Guy 2:You are so lucky...
Guy 1: I know! its gonna be kickass!
Guy 2: Don't talk to me about it. The pain of not going is too much.
Guy 2:You are so lucky...
Guy 1: I know! its gonna be kickass!
Guy 2: Don't talk to me about it. The pain of not going is too much.
by Stan Kyle Kenny Cartman April 21, 2011
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