underspend
verb[IorT]
FINANCE,ECONOMICSuk/ˌʌndəˈspend/usunderspenttospendless than you areableto or than wasplanned:
Departments that are underspending are beingallowedtocarryunusedpartsoftheirbudgetsforward.
underspend on sthIf wecontinueto underspend on thenetwork,problemswillbuildup.
Bigoilfirmsare underspendingtheirexplorationbudgets.
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overspendverb
underspend
noun[CorU]
FINANCE,ECONOMICSuk/ˈʌndəspend/usunderspenttheactofspendingless than you areableto or than wasplanned, or theamountspent:
TheScottishExecutive had a year-end underspend of £750m.
Theyagreedthat he couldcarryforwardany underspend from this year'sbudget.
an underspend on sthThe underspend on thecapitalinvestmentprogrammemight beduetocuttingcorners.
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overspendnoun