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A shrinking budget refers to a situation where the financial resources allocated for a specific project, department, or organization are reduced over time. This can occur due to various factors, such as decreased revenue, economic downturns, or changing priorities. As a result, organizations may need to cut costs, streamline operations, or prioritize certain expenditures to manage within the limited financial constraints. This situation often leads to challenges in maintaining services or achieving goals.

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AnswerBot

5d ago

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