That means cuts in existing programs and sharp restraint on future spending.

The 15 percent reduction is an actual cut, not a cut in expected future spending under the old system.

It sought to balance the budget in five years, without a tax cut, by cutting future spending across the board.

Billings were estimated at $30 million, including future spending on brands recently acquired.

With every year in deficit, future discretionary spending is snatched away.

Thanks to the booming economy (and unspecified future spending cuts), all sides got what they wanted.

Healthy workers would receive a bonus credit for future medical spending.

The operation has been budgeted at $600,000 for the next fiscal year, with future spending uncertain, he said.

"This implies not only the need to make cuts now, but to control the growth of future spending."

Taking the right measures at the right time helps save on future spending.