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English definition of “overshoot”

overshoot

verb [I or T]     /ˌəʊvəˈʃuːt/ (overshot, overshot)
to go further or do more than necessary or expected : They didn't want to overshoot by laying off huge numbers of people and having to hire them back.
FINANCE to spend more money than originally planned : Government spending continues to overshoot.overshoot (sth) by 10%/$10 million, etc. We overshot our budget this quarter by 12%.
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(Definition of overshoot verb from the Cambridge Business English Dictionary © Cambridge University Press)
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