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"cut budget" is a grammatically correct phrase and is commonly used in written English.
It refers to reducing or decreasing the amount of money allocated for a particular purpose or organization. Example 1: The government has decided to cut the education budget, resulting in fewer resources for schools. Example 2: In order to save money, the company will have to cut its advertising budget this quarter. Example 3: The family had to make some tough decisions and cut their vacation budget in order to afford their children's education.
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France and Germany, for example, raided their big telecoms firms to cut budget deficits.
States are demanding the higher contributions as they reach for new ways to cut budget deficits.
In the past several years, the Kremlin has cut budget expenditures in nearly every category.
Troubled peripheral countries were recovering, after bail-outs and painful measures to cut budget deficits and improve competitiveness.
Their mission: to force governments to cut budget deficits that have ballooned in the wake of the financial crisis.
Mr. Paterson has also suggested that the Legislature cut budget increases for nursing homes, Medicaid and hospitals.
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In plain English, he means cut budgets.
He froze salaries, cut budgets and refused to negotiate with professors, who eventually organized a union.
Defense spending is declining among most E.U. countries as governments cut budgets.
"The legislature cut budgets so drastically that the judiciary have to be debt collectors," he said.
The Times Company has cut budgets, including seven hundred jobs at its various properties this year.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com