Austerity is a policy of deficit-cutting, which by definition requires lower spending, higher taxes, or both.
Austerity or Austere may also refer to:
Music Austere, a now-defunct Australian black metal duo that featured Tim Yatras as a member Austere (EDM group), an ambient electronic music group from Portland, Oregon Austere (EP), a 2002 EP by Sparta "Austere" (song), a 2008 song by The Joy Formidable
Steam locomotives Hunslet Austerity 0-6-0ST SR Q1 class WD Austerity 2-8-0 WD Austerity 2-10-0
See also
1980s austerity policy in Romania Asceticism, a lifestyle characterized by abstinence and austerity from various sorts of worldly pleasures often with the aim of pursuing religious and spiritual goals Austerity in Israel Special Period, Cuba