A decade of tax rises and public spending cuts combined with rises in interest rates is virtually inevitable.

在未来10年，税收上升、公共开支消减、利率上扬的局面肯定是不可避免的。

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The main rate of VAT, a consumption tax, went up from 17.5% to 20% on January 4th; deep public spending cuts get under way in April.

消费税VAT的主要税率从1月4日开始由原来的17.5%上调至20%；大刀阔斧的公共开支削减也从四月开始正式施行。

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They now expect the state to clear up the financial mess caused by this greed and stupidity through public spending cuts and higher taxes.

如今，他们又期盼着国家通过削减公共开支和提高赋税的方式，来清理这场金融风暴后的混乱局面。

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Activists are also encouraging IMF and World Bank leaders not to link new funds to austerity measures normally prescribed for borrowers, like cuts in public spending and an increase in interest rates.

VOA: standard.2009.04.20

But ministers said the profession had been hit by public spending cuts and have reduced teacher training places.

BBC: Teacher numbers in Scotland at eight-year low

The Tory MP argued in the Financial Times for further public spending cuts to fund employment tax reductions.

BBC: Budget 2012: Liam Fox calls for business tax cuts

They have imposed public spending cuts that are greater than any developed economy has ever succeeded in carrying out.

BBC: Should we feel sorry for Greece?