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 ?
In light of the budget cuts, House members pushed for a committee resolution restoring DOLE's original budget proposal.
He said the budget cut would collapse the whole system of higher education.
He noted that the details of these budget cuts were not fully discussed in the bicameral conference committee.
The budget cut, however, won't become official without a fight.
The Treasury has proposed a Sh55.1 billion budget cut affecting both national and county governments in a bold move to reduce expenditure in the face of dwindling revenue.
The education sector will also experience drastic budget cuts under the proposed 2019 National Expenditure Program (NEP).
class="MsoNormalThe CJ said the Judiciary had sought a budget of S1.2 billion but the Treasurys Budgetary Policy Statement capped it at Sh17.3 billion, with a paltry Sh50 million for development.Mr Maraga has warned that following the budget cut, several programmes will be stopped and others scaled down.
The decision was made while the agency looks for ways to comply with a mandated budget cut of more than $50 million, according to a DPS memo from last month.
Altogether, those departments account for $1.9 million of the total budget cuts. Without details, county finance director Joe Onzick said the budget is balanced only on paper.
Budget cuts being proposed by the Trump administration will make America less secure and endanger the lives of the public and our public servants, the head of the American Federation of Government Employees (AFGE) said.
Councillor Michael Mordey, the portfolio holder for city services, said: "As the council has already said, because of the sustained budget cuts and spending pressures from central Government, the council is having to make many more difficult decisions on its services.
So I asked the council if this was due to budget cuts.