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I want to reduce the space between Figure description and text.

enter image description here

marked as duplicate by mafp, Andrew Swann, zeroth, T. Verron, lockstep Mar 6 '13 at 11:11

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If that is a top float (you don't say) then the space is the length parameter \textfloatsep which will be set by your document class but you can change with \setlength.

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