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Underspend

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Underspend
To spend less than one was allotted in a budget. Underspending in personal finance is almost always a good thing as it allows one to save more or to pay down debts. In corporations, however, underspending can be negative; for example, if a department does not spend its entire budget, the executives may conclude that it does not need such a high budget and cut that department's allotment. This creates a perverse incentive for departments and other subdivisions to spend their entire budget whether or not they need to.


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Councillor Peter Scott, Cabinet member for resources, said the council books would be balanced - current predictions were that at the end of the current financial year there would be a pounds 250,000 underspend on the budget.
The underspend compared to pounds 42million the previous year and contrasted to past levels which peaked at pounds 623million in 2003-04.
The Justice Secretary said the budget for the Northumbria area had increased "dramatically" in recent years and pointed to a pounds 600,000 underspend last year.
 
 
 
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