Nearly 40% of the federal contracts that President Donald Trump’s administration claims to have canceled as part of its signature cost-cutting program aren’t expected to save the government any money, the administration’s data shows.
It's the AP. They're a wire service, not editorial. Unless he says that that's his objective it's only speculation, and even then you can only report that he said it, not that it actually is.
The savings will be for the banks who will now be able to fleece customers without the financial protection bureau. Or corporations who can now increase profits at the expense of safety of the consumer. Any gov program exists to directly or indirectly benefit the citizens. And it is the citizens who eventually suffer.