austerity measures

Translations
меры жесткой экономии
The government implemented austerity measures to reduce the national debt.
Правительство ввело меры жесткой экономии для сокращения государственного долга.
Definitions
Austerity measures are policies implemented by governments to reduce public spending, decrease budget deficits, and stabilize the economy, often involving cuts to social services, public sector wages, and other government expenditures.
Words
measure

noun
мера
austerity

noun
аскетизм