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The phrase "a spending problem" is correct and usable in written English.
It can be used to describe a situation where someone or an organization is spending more money than they can afford or manage.
Example: "The company is facing financial difficulties because it has a spending problem that needs to be addressed immediately."
Alternatives: "a budget issue" or "an expenditure challenge".
Exact(60)
"We have a spending problem.
The nation has a spending problem.
"We have a spending problem, period".
Our deficit problem is primarily a spending problem, but it is not only a spending problem".
The Coalition's calculation is that we have a spending problem, and only a spending problem.
We have a spending problem in this country".
We have a spending problem, not a revenue problem".
Mitch McConnell thinks America has a spending problem.
Kevin Drum says we don't have a spending problem, we have an aging problem.
Eighty percent of the American people think that Washington has a spending problem".
There is only one fix for a spending problem: spend less.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com