Reduced government spending refers to a decrease in the amount of money the government allocates towards its programs, services, and operations.
Related terms
Budget Deficit: When a government spends more money than it collects in revenue during a specific period.
Austerity Measures: Policies implemented by governments to reduce public spending, often during times of economic crisis or instability.
Entitlement Programs: Government programs that provide benefits (such as Social Security or Medicare) to individuals who meet certain eligibility criteria.