As you have not provided enough information about your organization and its financial position, it is difficult to make specific comments. However, I would like to raise a few questions, as Saikumar has given a good answer.
Questions to Consider
Do you have an appraisal system in which either you or your reviewer has identified areas for development that could benefit from training to improve the organization's effectiveness? Is it just you who has not had the mandatory training? Normally, when a company is in the phase of saving money, it's the training of staff that gets affected.