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 ?
Other authorities which underspent were Highland Council, Dumfries and Galloway and Falkirk.
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.
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.
5m, our Asembley/Senedd suddenly finds it has underspent the inadequate funds provided by Westminster by just that amount
When you consider that there are hundreds, if not thousands, of people the length and breadth of Wales who are unable to access NHS dentistry, we discover that local health boards have underspent the new contract money by pounds 22m.
Health trusts making the greatest surplus included Northumberland Care Trust and the North-East Ambulance Trust which underspent by pounds 908,000 and pounds 558,000 respectively.
Having taken control of the council's Cabinet we are still looking at the council's books and it is apparent that the question which needs to be asked is: If the council's services have underspent to this extent, which services have the Liberal Democrats cut back to deliver this underspend?
Cllr Dave McLuckie, chairman of Cleveland Police Authority, spoke out after Cleveland force revealed it had underspent by pounds 1.
You will probably be aware that the first tranche of objective one money was underspent.
Mr Straw told the Commons Mr Scott's service underspent its budget by pounds 20million.