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We study budgeted variants of classical cut problems: the Multiway Cut problem, the Multicut problem, and the k-Cut problem, and provide approximation algorithms for these problems. Specifically, for the budgeted multiway cut and the k-cut problems we provide constant factor approximation algorithms. We show that the budgeted multicut problem is at least as hard to approximate as the sparsest cut problem, and we provide a bi-criteria approximation algorithm for it.