Cut back, as expenses

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Possible Answers: PARED.

Random information on the term “PARED”:

Red, White and Navy Blue

Redfield College is an independent primary and secondary school for boys from years 2 to 12 located in Dural, New South Wales, Australia. The school was founded in 1986 and is run by the Parents for Education Foundation (PARED).

Each student receives a personal tutor selected from the teaching staff. The tutor meets every two weeks with the student for tutorials, and with their parents every term to review progress and help with goal setting.

Redfield’s principal sports include basketball, cricket, rugby and football. Redfield’s sporting division is affiliated with the IPSHA (Independent Primary School Heads of Australia), ISA (Independent Sporting Association), and CIS (Combined independent Schools). Redfield’s senior Rugby team has won the ISA second division championship five times since joining the ISA in 2006. The Redfield First XI won the Second Division Football Championship in its inaugural year in 2012, and also won the 2014 season comprehensively.

PARED on Wikipedia