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- Reduction in spendingBelt tightening refers to a reduction in spending12. It is a period of economizing, usually because of financial problems1. The term is often used in the context of government or business spending, but it can also refer to personal spending. For example, a family might go through a period of belt tightening if they experience a reduction in income or an unexpected expense.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.a curtailment in spending; period of economizing: The mayor ordered a belt-tightening for all city offices.www.dictionary.com/browse/belt-tighteningbelt-tightening noun [ U ] FINANCE (also belt tightening) uk us Add to word list a reduction in spending by consumers, businesses, governments, etc., usually because they have financial problems:dictionary.cambridge.org/us/dictionary/english/belt …
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