o ‧ ver ‧ spend /ˌəʊvəˈspend $ ˌoʊvər-/ BrE AmE verb ( past tense and past participle overspent /-ˈspent/) [intransitive and transitive]
to spend more money than you can afford:
The hospital has overspent its budget by £70,000.
—overspend /ˈəʊvəspend $ ˈoʊvər-/ noun [countable] :
an overspend of £200,000