To spend or use more money, resources, or energy than is planned, budgeted, or necessary. This can result in financial strain, resource depletion, or a reduction in efficiency. Overexpenditure frequently stems from poor planning, unforeseen circumstances, or a lack of self-control when dealing with a budget. It implies a deviation from the established limits and a failure to manage resources responsibly. The consequences can range from minor inconveniences to serious financial difficulties or project failures. The extent of 'overexpend' can be measured by the degree to which the expense exceeds the allocated amount.
Overexpend meaning with examples
- The construction company significantly overexpended its budget due to unforeseen material price hikes and unexpected labor costs, jeopardizing the completion date. This strained their cash flow, forcing them to seek additional loans at unfavorable rates, creating further complications.
- During the initial stages of the research project, scientists were worried they might overexpend the allotted funding, so they had to re-evaluate their experimental designs to ensure the best results. This led to a significant redesigning of their projects to keep costs down, and eventually they came up with a novel design.
- The government was criticized for its decision to overexpend on the military budget, allocating funds to projects without enough research and analysis; the situation generated concerns from lawmakers regarding fiscal responsibility, and they had to make some changes.
- Despite strict rationing measures, the nation struggled not to overexpend their limited food supplies during the war. The lack of alternatives and import limitations meant that proper resource management was extremely important to the well-being of the population, but it proved very difficult.
- The department head learned that the department would overexpend its training budget if he didn't reduce some activities. To avoid financial penalties, he made the tough decision to eliminate some training programs, a move that was unpopular with several team members, but considered a necessary one.