underspend

/ ˌʌndəˈspɛnd /

verb

1. to spend less than (one can afford or is allocated)

noun

1. the amount by which someone or something is underspent

Example Sentences

He said there had been a council underspend and £1.9m has been earmarked to pay for changes.

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RMG disputed Park View Court had fallen into a state of disrepair and said service costs were audited, with any underspend returned.

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Its assumption of an underspend of £2.9bn published in its Economic and Fiscal Outlook would "very likely have been dropped" and instead it would have made a "materially higher" forecast for spending this year.

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It comes after a government report confirmed there had been a £358m underspend in the agricultural budget across last three years.

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Both Defra and the Treasury declined to comment on any proposed cuts but the government has acknowledged there was a £358m underspend in the agricultural budget over the past three years.

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