Definition of tighten or loosen the purse strings in English:
Restrict (or increase) the amount of money available to be spent: the job losses were the result of a tightening of the purse strings throughout the Civil Service
More example sentences
- Banks and other investors tend to loosen the purse strings when business owners throw some of their own money into the mix.
- The Scottish Executive wants to set an example by tightening the purse strings and understanding some economics.
- When a club has to tighten the purse strings, that's when teams that do have a bit of money will be thinking they can pick up a couple of bargains and they'll all be sniffing about.