The part that always blew me away about governmentese was when i realized that "budget cuts" meant the program isnt getting less money than last fiscal year, but their increase YoY has been reduced!
So if i spent $500 eating lunch at work two years ago; $600 last year and plan/allocated $610 this year i had a "budget cut?" no. I spent more.
Thats how i think
But this is more about having an expectation of funding at a certain level from whatever source, and knowing that that will be your "budget" (now meaning a spending _limit_), then having that amount come down. You now have a smaller limit.