"exceeding budget" is correct and usable in written English.
You can use it to refer to something that costs more than the budgeted amount. For example, "The cost of the project ended up exceeding budget by $20,000."
Exceeding time schedule and specification discontent were more important to large-scale shipbuilding companies, while exceeding budget and exceeding time schedule were more important to medium-sized shipbuilding companies.
When a company is having a good year and is exceeding budget goals and investor and analyst expectations, the CEO bonus often pays above target and increases year-over-year (often, the share price also increases as company performance is strong).
Furious at illegal migration and yet oddly forgiving of the guardians of our borders, it has steadily increased Border Patrol funding and staffing, regularly exceeding budget requests and providing more agents in many years than the Border Patrol could reasonably accommodate.
The rate of jobs growth is far exceeding budget-time estimates, which by itself should underpin the income tax paid by those extra workers.
"Inconsistent management contributed to a slow start to the programme, followed by rapid growth and now the risk of demand exceeding budgets.
Previous projects have been money pits, on average exceeding budgets by 56%, by dint of high labor costs and engineering mistakes.
The agreement calls for tightening the enforcement rules against countries that exceed budget deficit limits of 3 percent of gross domestic product.
"We were not in a position where we had to exceed budget," General Manager Jon Daniels said at a news conference in Arlington, Tex.
The nations had promised to tighten the rules spelling out action against countries that exceeded budget deficit limits of 3 percent of gross domestic product.
The added $119 million exceeds budget levels in separate bills that had stalled in the House and Senate.
They pulled in record attendance (34% percent over target), did not exceed budget and delivered flawless daylong execution.
