"curtail budget" is correct and usable in written English.
You could use it any time you want to refer to the act of reducing or limiting the size of a budget. For example, "The company decided to curtail its budget in order to save money."
About a third of the surplus would be set aside to help curtail budget deficits already projected to start surfacing in 2002.
Barely out of the 2009 financial crisis, businesses and households in much of Europe are hampered anew as governments cut back on spending to curtail budget deficits and companies freeze plans to invest.
Italy and Spain, two of Europe's larger economies, spend barely 1percentt a year on defense as they seek to curtail budget deficits that swelled during the boom that preceded the 2008/2009 global financial crisis.
Observers are already worried that Europe could suffer a recession and subsequent slow growth for several years even if it averts a eurozone breakup, since products would remain expensive in the euro, making consumers more hesitant to buy them and forcing governments to curtail budgets even more as consumer spending falls.
In the present environment, where governments and organisations face huge pressure to reduce costs and curtail budgets, these concerns are likely to take on more importance.
Most important for the stricken economies, the German chancellor, Angela Merkel, may be prepared to accept a longer timetable for curtailing budget deficits for countries like Spain that are reeling from recession.
Facing curtailed budgets and a push from the federal government for teacher accountability, many states are considering and passing measures that would limit teachers' collective bargaining rights and strip those with years of experience of job security.
A unifying goal is to build support for a ballot initiative that would raise taxes on millionaires that organizers say would increase state revenue and curtail further budget cuts.
Mrs. Underwood, meanwhile, is forced to downsize the non-profit organization she manages, the Clean Water Initiative, which had been promised a large donation upon her husband's confirmation as Secretary, without which the organization is forced to substantially curtail its budget.
The ministry has successfully resisted past efforts to curtail its budget-making authority, though in the late 1990s it did lose its powers to regulate the financial industry and its control over the nation's central bank, the Bank of Japan.
Second, Unmaking traced the creation of the public university's mass middle class to a popular though largely tacit vision of general human development, one that was later disparaged by culture wars and curtailed by budget cuts.
