Category:Austerity Politics

The term austerity politics subsumes entities which stress public debt reduction and budget balancing by means limiting social expenditures or public investments. Orientation towards austerity politics is often associated with the reduction of taxes, the implementation of the flat tax and the restriction of public economic activities. Inefficency of public economic governance compared with the gold standard of the private sector is a central premise from which austerity politics is conceptualized.