Meaning of “cut back (sth)” - Learner’s Dictionary

cut back (sth)

phrasal verb with cut uk us /kʌt/ verb (present participle cutting, past tense and past participle cut)

to reduce the amount of money being spent on something:

We have had to cut back on training this year.

(Definition of “cut back (sth)” from the Cambridge Learner’s Dictionary © Cambridge University Press)