austerity
Coverage of austerity in the Nexus archive.
- Amid UDF-LDF spat over Kerala finances, govt reminds departments of need for ‘austerity’ in Budget estimates
The Kerala government has advised departments to adopt austerity measures in budget estimates amid a financial dispute between the UDF and LDF. The finance department emphasized canceling uneconomical schemes and deferring non-urgent expenditures, including maintenance costs.
- Colombia’s Next President Orders Decrees to Cut Spending and Taxes
Colombia’s president-elect has ordered decrees to reduce spending and lower taxes, including freezing the 2026 budget on August 7 and proposing a spending cut of approximately 60 trillion pesos ($18.5bn). Officials emphasize austerity as a priority.
- Noboa Cuts Ecuador’s Cabinet From 14 Ministries to 10
President Daniel Noboa is reducing Ecuador's cabinet from 14 ministries to 10, his second reduction in under a year, as part of an austerity move linked to the country's IMF fiscal targets.
- Blair’s advice for Labour fails to engage with inequality, senior party figures say
Senior Labour figures criticize Tony Blair's essay for failing to address modern challenges like inequality and austerity. Andy Burnham and Torsten Bell argue the former PM's critique lacks relevance, with Burnham planning a detailed response.
- Australian Pension Chiefs Target Private Assets in European Trip
Australian pension officials are targeting private assets during a European trip, coinciding with German lawmakers passing a major spending package to unlock significant debt financing for defense and infrastructure, ending decades of budget austerity.
- Austerity Creates Fascism
The article argues that austerity measures lead to fascist outcomes, referencing a blog post and Hacker News discussion. It highlights political and economic implications of austerity policies.