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Answer for the clue "Cutting down expenditure ", 11 letters:
retrenching

Word definitions for retrenching in dictionaries

The Collaborative International Dictionary Word definitions in The Collaborative International Dictionary
Retrench \Re*trench"\, v. t. [imp. & p. p. Retrenched ; p. pr. & vb. n. Retrenching .] [OF. retrenchier, F. retrancher; pref. re- re- + OF. trenchier, F. trancher, to cut. See Trench .] To cut off; to pare away. Thy exuberant parts retrench. --Denham. To ...

Wiktionary Word definitions in Wiktionary
vb. (present participle of retrench English)

Usage examples of retrenching.

Sobran cautioned, retrenching mentally, "or else they have reason to be confident of their strategy.

But it was too late: by 1929 the speculative imbalances had become so overwhelming that the attempt precipitated a sharp retrenching and a consequent demoralizing of business confidence.