In times of financial stringency it is clear that public expenditure has to be closely scrutinized.

财政紧缩时期显然要对公共支出进行严格审查。

《柯林斯英汉双解大词典》

Bankers say financial stringency constitutes a serious threat to the country.

银行家们说信用紧缩对国家构成了严重的威胁。

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In particular there were concerns about schools being expected to make budget savings in times of financial stringency.

BBC: Programme for Government