What are belt tightening measures?

Belt-tightening measures. adjective. (informal) A reduction in expenditure as a result of financial restrictions.

What is belt tightening in economics?

belt-tightening. noun [ U ] FINANCE (also belt tightening) a reduction in spending by consumers, businesses, governments, etc., usually because they have financial problems: Many independent shops are failing to make a profit during this period of consumer belt-tightening.

What is the idiom for tighten your belt?

If you have to tighten your belt, you have to spend less money and manage without things because you have less money than you used to have. Clearly, if you are spending more than your income, you’ll need to tighten your belt.

Where does the expression tighten belt come from?

The idiom originated during the Great depression. The great depression started in the 1920s in America, after the stock market crashed on 24 October 1929. When people had a lot to eat they were said to have a good meal under their belt, but if you could not afford to purchase food you would go hungry.

What does the word belt tightening mean in English?

Meaning of “belt-tightening” in the English Dictionary. “belt-tightening” in Business English. › a reduction in spending by consumers, businesses, governments, etc., usually because they have financial problems: Many independent shops are failing to make a profit during this period of consumer belt-tightening.

What does belt tightening mean for independent shops?

Many independent shops are failing to make a profit during this period of consumer belt-tightening. The car manufacturer announced plans for belt-tightening that would result in 30% of workers losing their jobs. Want to learn more?

Which is an example of a belt tightening exercise?

It follows that in any belt – tightening exercise, larger farms must suffer disproportionately, and the proposals mirror that. Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 We may all have to take some individual belt – tightening . Example from the Hansard archive.

Are there any countries that are belt tightening?

The government has recommended a series of belt-tightening reforms. Over the past twenty years, Germany and Italy have taken belt-tightening measures that have helped improve their economies.