das Sparpaket
Translation
austerity package, savings package, spending cuts package
Examples
Die Regierung hat ein neues Sparpaket beschlossen.
The government has decided on a new austerity package.
Das Sparpaket trifft viele Bürger hart.
The austerity package hits many citizens hard.
Grammar Patterns
to pass/decide on an austerity package ein Sparpaket beschließen/verabschieden The government has passed an austerity package.
Similar Words
Austeritätsprogramm, Kürzungspaket
Etymology
Compounded from 'sparen' (to save) and 'das Paket' (the package). It's a 'package' of saving measures.
Memory Tips
Picture a 'package' (Paket) from the government, but instead of goodies, it's full of rules for 'saving' (sparen) money.