Budget reduction is a process of reducing the amount of money spent by an organization or individual. The two crossword solutions for this term are 'CUTBACK' and 'spendingcut'. CUTBACK is a 7-letter word that refers to a reduction in the size or amount of something, while spendingcut is an 11-letter word that refers to a reduction in the amount of money spent. Both words refer to the same concept of budget reduction.