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Underspend
(redirected from underspent)

   Also found in: Dictionary/thesaurus 0.01 sec.
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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At that time parents on low incomes were offered up to pounds 22 a year, but the budget was underspent and a decision was taken to stop the scheme.
THE Scottish Government underspent its budget by pounds 31million last year, the lowest figure on record, it emerged yesterday.
Minister for the North East, Nick Brown, said he had the go-ahead to use underspent regional funds for a "series of pounds 5m to pounds 10m projects that together could be said to be the first phase of a Tees Valley metro".
 
 
 
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