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'''Austerity''' refers to a set of government policies designed to reduce public spending, narrow budget deficits, and restore fiscal stability. These measures are typically implemented during periods of economic stress, sovereign debt crises, or when countries seek financial assistance from international institutions such as the [[International Monetary Fund]] (IMF).
'''Austerity''' refers to a set of government policies designed to reduce public spending, narrow budget deficits, and restore fiscal stability. These measures are typically implemented during periods of economic stress, sovereign debt crises, or when countries seek financial assistance from international institutions such as the [[International Monetary Fund]] (IMF).
* Efforts to broaden the tax base
* Efforts to broaden the tax base
These policies reflect the IMF’s long‑standing orientation toward neo‑liberal and classical economic theory, which emphasizes fiscal discipline and market‑oriented reforms.
These policies reflect the IMF's long‑standing orientation toward neo‑liberal and classical economic theory, which emphasizes fiscal discipline and market‑oriented reforms.
== Economic and Social Effects ==
== Economic and Social Effects ==
[[Commentary: Daniel 11, Anthony's Historicist Study Aid#Daniel 11:42|Anthony's Historicist Study Aid]] argues that the '''austerity''' actions of the [[IMF]] in [[Egypt]] (which triggered the [[Arab Spring]]), is the arguable and logical fulfillment of [[Commentary: Daniel 11, Anthony's Historicist Study Aid#Daniel 11:42|Daniel 11:42-43]].
[[Commentary: Daniel 11, Anthony's Historicist Study Aid#Daniel 11:42|Anthony's Historicist Study Aid]] argues that the '''austerity''' actions of the [[IMF]] in [[Egypt]] (which triggered the [[Arab Spring]]), is the arguable and logical fulfillment of [[Commentary: Daniel 11, Anthony's Historicist Study Aid#Daniel 11:42|Daniel 11:42-43]].
== See Also ==
== See also ==
* [[Structural Adjustment Programs]]
* [[Structural Adjustment Programs]]
* [[International Monetary Fund]]
* [[International Monetary Fund]]
* [[Washington Consensus]]
* [[Washington Consensus]]
* [[Fiscal policy]]
* [[Fiscal policy]]