I believe that was prior to the movie finishing post production. It also does not account for any marketing.In defense of some here, it was reported earlier this year that because of the recent increase in California's Film Tax credit Mando/Grogu is currently set at a budget of $166.4M. Making it one of the cheapest SW movies in the modern era.
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'The Mandalorian & Grogu' Gets a Bountiful California Tax Credit
The Mandalorian & Grogu is bringing Star Wars back to California in a big way, with the film receiving a multimillion dollar tax credit.collider.com
Now with reshoots (if any) we don't know what that will do. But at the very least its starting off as a more modest budget for a blockbuster.
We'll see how things go between now and its release date next summer.
If it finishes at around 200 million before marketing that would be in line to be considered cheap for Disney.