1. Organized programs or strategies designed to decrease the amount of money spent by a government, organization, or individual
The company announced spending reduction initiatives to improve profitability.
A empresa anunciou iniciativas de redução de despesas para melhorar a lucratividade.
2. Cost-cutting measures implemented to achieve financial efficiency and savings
The government's spending reduction initiatives included eliminating duplicate services.
As iniciativas de redução de despesas do governo incluíram a eliminação de serviços duplicados.