The phrase "budget axe" refers to the act of making significant reductions or cuts to a budget, usually in order to save money. It suggests a harsh and forceful approach to reducing spending in different areas or programs. Full definition
We've seen this in our own business: when the budget axe chops into Marketing, the conversation can quickly move from «What's the right thing for us to do to move... (shiftcomm.com)
While waiting to see if the Senate will all the budget the axe to fall, the CFPB continues to pull itself together. (janebryantquinn.com)
Burnell says the budget axe dealt a softer blow due to a large number of teachers who retired last year. (wamc.org)