German word

Sparpaket

Pronunciation

IPA/ˈʃpaːɐ̯paˌkeːt/

Meaning

  • neuter nounausterity package

Example

Die Regierung hat ein neues Sparpaket angekündigt.

The government has announced a new austerity package.

Illustration for Sparpaket (austerity package)

More examples

Viele Bürger lehnen das angekündigte Sparpaket ab.

Many citizens oppose the announced austerity package.

Core concept

One labeled package gathers separate cost-cutting decisions into a coordinated financial plan.

Common phrases

  • ein Sparpaket vorstellen

    present an austerity package

  • ein Sparpaket beschließen

    adopt an austerity package

  • das Sparpaket kritisieren

    criticize the austerity package

Similar words

Sparmaßnahmen: Individual measures taken to reduce specific areas of spending.
Sparprogramm: A plan for savings and spending cuts carried out over a set period.
Haushaltskürzungen: Measures that reduce spending in a government or organization's budget.
Konsolidierungspaket: A package of measures designed to restore financial stability.

Definition in German

Ein Sparpaket ist ein Paket geplanter Kürzungen und Kostensenkungen, das dazu dient, einen Staatshaushalt oder die Bilanz eines Unternehmens zu entlasten.

Word origin

The noun combines the stem Spar- from sparen with the borrowed noun Paket to name a package of savings measures.

Usage tips

  • German commonly uses Sparpaket with verbs such as ankündigen, beschließen, and verabschieden for government measures.

Other meanings

  • savings measurenoun

Opposites

  • Wachstumspaketgrowth packagenoun
  • Konjunkturprogrammeconomic stimulus programnoun

Related words

  • Sparmaßnahmeausterity measurenoun
  • Sparprogrammausterity programnoun
  • Sparpolitikausterity policynoun

Word lists with this word