Budgetary constraints refer to limitations or restrictions on the amount of money available for government spending. These constraints can occur due to factors such as economic conditions, political priorities, or fiscal policies.
Related terms
Deficit Spending: This term refers to when the government spends more money than it brings in through revenue, resulting in a budget deficit.
Sequestration: Sequestration is an automatic spending reduction that occurs when Congress fails to reach an agreement on budget cuts, leading to across-the-board cuts in various government programs.
Austerity Measures: Austerity measures are policies implemented by governments during times of economic crisis or high debt levels that involve reducing public spending and increasing taxes in order to address budget deficits.