1. Government policies aimed at reducing public spending and budget deficits, typically involving cuts to social services, wages, or public sector employment
The government implemented austerity measures to reduce the national debt.
O governo implementou medidas de austeridade para reduzir a dívida nacional.
2. Strict economic policies designed to achieve financial stability during economic crises
Austerity measures often include tax increases and spending cuts.
As medidas de austeridade geralmente incluem aumentos de impostos e cortes de gastos.