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Government Austerity in Practice

In: Government Austerity and Socioeconomic Sustainability

Author

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  • P. K. Rao

    (International Development Consultant)

Abstract

Various general categories of austerity measures as well as the specific policy actions adopted by a sample set of countries are summarized for highlighting relevant dimensions of socioeconomic sustainability that are affected or potentially influenced for years into the future. The specific government austerity measures including reductions in public spending on social programs suggest lack sufficient attention to the imperatives of socioeconomic sustainability requirements in this context. Substantial reforms are called for.

Suggested Citation

  • P. K. Rao, 2015. "Government Austerity in Practice," SpringerBriefs in Economics, in: Government Austerity and Socioeconomic Sustainability, edition 127, chapter 0, pages 25-34, Springer.
    • Handle: RePEc:spr:spbchp:978-3-319-04235-0_4
    DOI: 10.1007/978-3-319-04235-0_4
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