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.
References in periodicals archive ?
It begs the question, if the council underspent by pounds 3.
Other authorities which underspent were Highland Council, Dumfries and Galloway and Falkirk.
The resource budget was underspent by PS207million (0.
The Children and Young People's Services underspent by PS20,000 but there is a PS461,000 shortfall in the Economy and Environment department, largely relied upon during the flooding.
In the first two years of Train to Gain, the scheme underspent by pounds 151m.
THE Scottish Government underspent its budget by pounds 31million last year, the lowest figure on record, it emerged yesterday.
But in the event, they underspent by twice as much as planned.
HOSPITALS and health trusts in the West Midlands underspent by pounds 153 million last year, the nation's official spending watchdog revealed today.
Infrastructure spending jumped by a third in the third quarter although the Duterte administration, as a whole, underspent during its first three months amid the transition in leadership at government agencies.
Recto pointed out that the government underspent some P827 million a day last year, as disbursement fell short of program by P302.
An increase of almost 300,000 households is scandalous - yet we know by the Scottish Government's own admission that they underspent their own budget.
Mr Straw told the Commons Mr Scott's service underspent its budget by pounds 20million.