overbudget

[oh-ver-buhj-it]

adjective

1. costing or being more than the amount alloted or budgeted.

   The building is half-finished and it's already overbudget.

Word History and Origins

Origin of overbudget¹

From prepositional phrase over budget, erroneously taken as a compound

Example Sentences

An open letter to First Minister John Swinney says the nationalised firm in Port Glasgow should be directly awarded a contract for a new CalMac ferry, as it looks to move on from the controversy over two delayed and overbudget ships.

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Despite the project running significantly behind schedule, and consequently overbudget, it has continued to draw contributions.

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Although the city has agreed to cover the first $270 million in debt incurred from the Games if LA28 goes overbudget, Wasserman said organizers don’t intend to come close to the financial backstop.

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The stalemate eventually resulted in Ferguson's going into administration and being taken into state ownership in 2019 with the project already about £100m overbudget.

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They highlight long waits in the health service, high levels of drug deaths and new ferries arriving years overdue and seriously overbudget.

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