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    what does austerty mean

    0  Views: 502 Answers: 1 Posted: 15 years ago

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    In economics, austerity refers to a policy of deficit-cutting by lowering spending via a reduction in the amount of benefits and public services provided. Austerity policies are often used by governments to try to reduce their deficit spending and are sometimes coupled with increases in taxes to demonstrate long-term fiscal solvency to creditors.


    More here >http://en.wikipedia.org/wiki/Austerity



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