The phrase "austerity schemes" is correct and usable in written English.
It can be used to refer to plans or programs aimed at reducing government spending or budget deficits, often during economic downturns.
Example: "The government implemented several austerity schemes to address the rising national debt."
Alternatives: "austerity measures" or "budget-cutting initiatives".
Austerity schemes are all the rage, and they have tended to make matters worse.
The result is the false fiscal choice of hedonistic Keynesian "stimulus" schemes versus ascetic Puritanical "austerity" schemes; the former is a rationalization for still more government spending, while the latter is a rationalization for still more taxation.
In part two I explained why there's no magic "multiplier" whereby the economy somehow grows faster if politicians spend our money than if we do, nor by "fiscal austerity" schemes that effectively entail no real cuts in government spending but instead still greater tax burdens on the private sector.
Hence the European Central Bank's decision to switch off emergency funding of Greece's banks after Tsipras called the referendum on an austerity scheme he had described as blackmail.
She seems to have failed to notice that George Osborne's ill-conceived, politically motivated austerity scheme has forced councils to close libraries or severely reduce their hours, curtailing library access for people of all ages.
Thus, in austerity Britain, the scheme was unaffordable.
Together, they are responsible for development schemes and austerity measures that have been a disaster for much of the world.
But Greek government spokesman Dimitris Tzanakopoulos also insisted Athens was not about to yield to demands for it to implement more austerity after the bailout scheme ends in 2018.
Rising construction costs caused by difficult ground conditions and restricted funds in the post-war austerity period led the scheme to be cancelled again in 1950.
Yanis Varoufakis, its colourful finance minister, said last week that Greece "went from a Ponzi scheme of unsustainable borrowing before the crisis to a scheme of Ponzi austerity after it".
Meanwhile, the companies that operate the schemes are thriving in austerity London's housing crisis, where they make profits by turning former public sector buildings into substandard accommodation.
