1. Reductions in government or organizational expenditures; measures to decrease the amount of money spent
The government announced spending cuts to reduce the budget deficit.
O governo anunciou cortes de gastos para reduzir o déficit orçamentário.
2. Specific reductions in funding for particular departments, programs, or services
Education spending cuts will affect schools across the nation.
Os cortes de gastos na educação afetarão escolas em toda a nação.