1. A period of stricter government tax collection or increased tax burden on individuals and businesses
The government implemented a fiscal squeeze to reduce the budget deficit.
O governo implementou um aperto fiscal para reduzir o déficit orçamentário.
2. An economic policy characterized by increased taxation, reduced government spending, or stricter enforcement of tax laws
During the fiscal squeeze, many companies had to restructure their finances.
Durante o aperto fiscal, muitas empresas tiveram que reestruturar suas finanças.