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 ?
"The report went on: "The DfT accepted a cut to its in-year budget of pounds 683m and then underspent on its revised budget by over pounds 1bn, calling into question whether the in-year cut (of pounds 683m) was necessary."
"It begs the question, if the council underspent by pounds 3.4m last year , did they really need to slash services by that much?" Cllr Rogers added: "I have yet to see the report, but if it's that widespread, some departments may be having their budgets set too high and the departments that are really under pressure, such as education and social services, could be having their budgets supplemented.
Other authorities which underspent were Highland Council, Dumfries and Galloway and Falkirk.
To recall, President Duterte signed the 2019 national budget only in mid-April 15 as the two houses of Congress had squabbled over 'pork' funds, such that the government underspent about P1 billion a day from January to April.
And this is the same political party who underspent the money sent up by London by hundreds of millions.Alison Matthews, Aberdeen ...
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.
THE Scottish Government underspent its budget by pounds 31million last year, the lowest figure on record, it emerged yesterday.
Handsworth Grammar School underspent by pounds 1.4 million, 28 per cent of its income, while Harborne Hill School, in Edgbaston, underspent by pounds 1.2 million, 31 per cent of its income.
Birmingham schools which significantly underspent included George Dixon International School and Sixth Form College in Edgbaston, which failed to spend 25 per cent if its annual income, leaving it with a surplus of pounds 1.65 million.
Surprise, surprise when an arts venue in Cardiff that hardly anyone north of Llandrindod can afford to visit, attracting only 111,000 paying customers a year, runs up a debt of pounds 13.5m, our Asembley/Senedd suddenly finds it has underspent the inadequate funds provided by Westminster by just that amount!!!
The delayed approval of the P3.7-trillion 2019 national budget because of a squabble in Congress over corruption-laden pork funds took its toll on infrastructure development as the government underspent P81.5 billion in projects during the first half of 2019.
THE Scottish Government were accused of being too careful with their cash yesterday after a report showed they underspent last year's budget by almost PS350million.