Budget Cut

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Budget Cut

A reduction in the amount a department within a company or government may spend over a given period of time. Budget cuts often result from reduced revenue, or sometimes from prioritization of other resources. For example, if the state of Oklahoma receives 10% less tax revenue in a year than it received the previous year, it may institute 10% budget cuts on all state agencies so the state remains in balance.
References in periodicals archive ?
The Trump administration is proposing double digit percentage budget cuts at the Transportation Security Administration (TSA), Federal Emergency Management Agency (FEMA), and Coast Guard.
More than 3,600 car parking spaces across the city are managed by Sunderland City Council which is facing budget cuts of PS46m this year.
Administrator at the research center Helin Topal also spoke with Today's Zaman, outlining the actions they have taken against these budget cuts.
In response to that report, Nobel Laureate Professor Peter Doherty said the budget cuts will speed up Australia's transition to become a third world economy.
Statewide budget cuts in Maryland in 2009 led to the Frederick County Health Department eliminating one-third of its nurses.
Beginning Friday, March 1, credit union members who are federal employees, and whose paychecks are affected by federal budget cuts, will have access to a 0% Annual Percentage Rate interest line of credit for 30 days, equal to one month's net payroll up to $5,000.
However with the transfer of Kamran Lashari the project is in doldrums due to budget cuts and red tapism thus depriving the citizens of cheap entertainment.
Paxton's assessment will put the town into a $142,000 deficit, which will be discussed at another town meeting and covered either by drastic budget cuts or by passage of yet another Proposition 2-1/2 override contingency.
The global lending organization's message runs counter to the push for budget cuts advocated by German Chancellor Angela Merkel.
In previous years, though, Liverpool has received budget cuts in excess of the average.
The Texas American Federation of Teachers, the state branch of the national teachers association, recently released a survey that showed that budget cuts had resulted in widespread layoffs and low morale among public school employees.
Despite US budget cuts, BAE has won a pounds 286m contract to take part in a technology development programme with the US army.