PoliticsAugust 17, 2026
austerity
aw-STAIR-ih-tee
Definition
Policies characterized by strict economic measures, such as budget cuts and tax increases, used by governments to reduce national debt and deficit spending.
Etymology
Derived from the Old French 'austerite,' meaning 'severity' or 'sternness,' which traces back to the Latin 'austeritas,' referring to a harsh or rough quality.
In the news
The article uses the term to describe the economic strategy of President Hichilema, whose success or failure is being judged by voters in the general election.
The Zambian government has arrested the main opposition leaders on the very night of the elections.
Read the full article ↗Gamereactor UK