1. The practice of reducing spending and cutting unnecessary expenses, typically during economic difficulties
The company announced belt-tightening measures to survive the recession.
A empresa anunciou medidas de aperto de cintos para sobreviver à recessão.
2. A period of financial restraint and austerity
Families are practicing belt-tightening due to inflation.
As famílias estão praticando austeridade devido à inflação.