To reduce the spacing between paragraphs, decrease the value for Spacing Before and/or Spacing After (see Charles's screen shot).
Since you are setting the Line Spacing in points, I'm guessing you have specified a fixed value (= "Exactly"). If you set the Line Spacing so that it is smaller than the point size of the font, text characters will be cut off.
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Stefan Blom
Microsoft Word MVP
Microsoft 365 apps for business
Windows 11 Professional
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