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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. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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