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What Is Austerity Policy?What Is Austerity Policy? Austerity policy refers to a set of government measures aimed at reducing public sector debt by cutting spending, increasing taxes, or a combination of both. Typically implemented during times of fiscal crisis or high government borrowing, austerity is intended to restore confidence in a country’s finances, stabilize the economy, and prevent debt from spiraling...0 Comments 0 Shares 1K Views 0 Reviews