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# fiscal consolidation

phrase (noun phrase: fiscal consolidation; uncountable)

«fiscal consolidation» in the English dictionary: in the primary school — its meanings, how the lessons use it, and examples, each with its tree on Mova.

## In the primary school

Source: Mova's pupils' dictionary. Licence: [Elamur Cosmic License](https://mova.elamur.ai/free/en/docs/LICENSE/). Reviewed: the dictionary the pupils of Mova's primary school read; its examples quote the lessons and public-domain tales. Ships with Mova.

### Meaning

1. (euphemism, economics) a government cutting its spending and/or raising taxes to reduce its debt or deficit; often means cuts to public services.
2. (literal) making a government's budget stronger and more balanced.

### In the lessons

Technical, official economists' and politicians' language that sounds neutral and sensible while hiding cuts and tax rises; also called «austerity» by critics. Formal, all regions, especially UK and European news.

### Examples

- The government announced a plan for fiscal consolidation.
- Fiscal consolidation meant fewer nurses and higher taxes.
- Economists argued about how fast fiscal consolidation should be.
- "Fiscal consolidation" is the polite name for belt-tightening.
- Libraries closed during the years of fiscal consolidation.
- The minister said fiscal consolidation was needed to cut the deficit.
- Critics called fiscal consolidation simply "austerity".
- Our economics teacher asked us to find the plain words behind fiscal consolidation.

### Note

Trap: «consolidation» sounds like «making stronger», but for people it usually means fewer services or higher taxes. «Fiscal» means about government money and taxes. Plain words: spending cuts, tax rises, austerity. In a problem, it lowers spending numbers.