Odd Language #52: Which Cut?

From Kamloops This Week, Tuesday, May 27, 2014, p. A11, article “Does the Canadian miltary need a $169-million plane?”:

“The Conservatives will soon publish their first annual list of military procurement plans and it’s unclear if the gigantic C-17 aircraft will make the cut.”

The issue: The context of this article was that the Department of National Defence was in budget-cutting mode at the same time that the plane was being considered. “make the cut” and “budget-cutting” are different uses for “cut”.