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

cut back (sth)

phrasal verb with cut us uk /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)