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

While bankrupts blame the prime minister for the austere economic climate, the markets worry that he is not austere enough, and is prepared to sacrifice financial stringency for political expediency.

ECONOMIST: The relegation of Thailand | The