spending cutback

Translations
сокращение расходов
The government announced a spending cutback to balance the budget.
Правительство объявило о сокращении расходов для сбалансирования бюджета.
Definitions
A spending cutback refers to a reduction in expenditures or budget allocations, often implemented by individuals, organizations, or governments to manage financial resources more effectively, typically in response to economic constraints or the need to improve financial stability.
Words
spending

noun
расходы
cutback

noun
сокращение