I was taken off of a project a work (“due to budget reasons”) only for someone to replace me. Was this excuse a white lie?

Anonymous
I am on two projects at work (the second project is starting to get off the ground). I was told this morning that I would be taken off the second project, not do to anything I had done, but due to budgetary reasons and I saw that someone else would have my position on the project.

This doesn’t make a lot of sense and makes me think that my manager is telling a white lie.
I was taken off of a project a work (“due to budget reasons”) only for someone to replace me. Was this excuse a white lie?
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