The Synthesis of "government spending cuts"

Discover what austerity is: a set of economic policies aimed at reducing government budget deficits through spending cuts and/or tax increases.

Discover what government spending is, why it's a hot topic, and how fiscal policy decisions on infrastructure and social programs impact you.

A budget deficit occurs when spending exceeds revenue. Discover what this means for national debt, economic policy, and your personal finances.

Discover how governments use fiscal policy—spending and taxation—to influence the economy, manage inflation, and promote stable growth.