Deputy Prime Minister and Treasurer Charles Abel made this announcement during the launch of the 100 Day Economic Stimulus Plan recently.
However, he said the reduction will be only temporary as the Government is committed in funding the PSIP and DSIP.
He said the details of the cut will be highlighted in the Supplementary Budget where the Government will announce in the near future.
Abel added that the Government will maintain the Ward Service Improvement Programme (WSIP) fund and continue to fund the wards across the country.
