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The phrase "an austerity program" is correct and usable in written English.
It can be used when discussing economic policies aimed at reducing government spending and budget deficits.
Example: "The government implemented an austerity program to address the rising national debt and stabilize the economy."
Alternatives: "a budget-cutting initiative" or "a fiscal restraint plan."
Exact(60)
The government announced an austerity program.
What if a government instead embarks on an austerity program?
A country would have to agree an austerity program for that to happen.
It's an austerity program, demonstrating how to get by while scrimping.
Such an austerity program would be worse than that demanded by the troika.
To save toward a down payment, Ms. Krall imposed an austerity program.
Similarly, an austerity program in Britain appears to be falling short of its goals, largely because economic growth has consistently failed to measure up to government expectations.
The verdict comes at a time when banker bonuses are a contentious political topic in Britain as its government undertakes an austerity program.
The inflation that quickly ensued prompted the government to retreat from several key reforms in favour of an austerity program, whereupon the PCF withdrew from the coalition.
In exchange for its 67.5 billion euro ($88 billion) bailout, Dublin agreed to an austerity program aimed at rapidly improving the country's tattered balance sheets.
And you can't impose an austerity program for a decade on a country, and even choose for them the austerity measures that country must implement".
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com