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Haushaltskonsolidierung
fiscal consolidation; reduction of a public budget deficit
noun HOWS-halts-kon-zo-li-dee-roong Rare
Usage Note
Haushaltskonsolidierung describes the political and technical process of restoring public-finance balance through spending cuts, revenue increases, or both. It is a key concept in Haushaltspolitik. Plural rare.
Examples
"Die Haushaltskonsolidierung erforderte schmerzhafte Einschnitte im Sozialbereich."
Natural Translation
Fiscal consolidation required painful cuts in the social sector.
Literal Translation
The budget consolidation required painful cuts in the social area.
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