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English definition of “overspend”

overspend

verb [I or T]     /ˌəʊ.vəˈspend/ US  /ˌoʊ.vɚ-/ (overspent, overspent)
to spend more money than you should: The council seems likely to overspend this year. The hospital has already overspent (on) its drugs budget.Paying and spending money overspending     /-ˈspen.dɪŋ/ noun [U] Paying and spending money
(Definition of overspend verb from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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