Saudi Arabia has introduced a string of austerity measures
over the past two years to boost revenues and cut spending as the global slump in oil prices led to ballooning budget deficits.
Making a mockery of the Khattar government's claims of austerity measures
, the Haryana government, after purchasing new cars for bureaucrats in October this year, has now purchased eight high- end luxury cars for the ministers.
The unpopular austerity measures
, including pension cuts, budget reductions and deep slashing of social services, were exchanged for cash bailouts from European lenders following a continent-wide recession in 2008 that sunk the euro and sent national deficits soaring.
Levy, a former banker seeking to introduce austerity measures
needed to rebalance overdrawn government accounts, faces increasing criticism from ruling party officials who oppose the measures and support economic stimulus instead.
The new austerity measures
are in addition to those passed last week which increase taxes and cut pensions.
Instead of imposing devastating austerity measures
and bailing out its banks, Iceland let its banks go bust and protected its welfare policies.
Published by the respected Joseph Rowntree Foundation, its authors warned that austerity measures
should be slowed down or some councils might reach a point soon when they are unable to uphold the services they are legally required to provide.
that are firmly targeted at the poor, disabled and most vulnerable communities.
Global Banking News-November 28, 2014--Greece says it is under pressure to adopt new austerity measures
TEHRAN (FNA)- More than one in four children in the UK are now living in poverty and the number is rising sharply because of the Government's harsh austerity measures
, the United Nations Children's Fund warned.
BANKING AND CREDIT NEWS-August 29, 2014-Germany prepared to reduce austerity measures
The organisations, protesting against austerity measures
, include workers unions PEO, DEOK, the teachers unions POED, the pensioners union EKYSY, the Journalists Union, associations against privatisations and parents associations.
The papers look at how austerity measures
negatively impact gender equality by removing funding for employment and social welfare programs.
Unionists from workers', farmers' teachers' and students' organizations PEO, DEOK, OELMEK, POED, OLTEK, POAS, EKYSY, PSEM, and EKA, held a press conference Tuesday announcing their decision to organize their first mass demonstration against "the strict austerity measures
imposed by the Troika and those who abide by its policies".
The budget for the oil-rich state was reduced due to austerity measures
introduced after a dispute with Sudan meant that South Sudan could not export its oil through to Port Sudan on the Red Sea coast.