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The phrase "expenditure of" is correct and usable in written English.
You can use it when you are talking about using up a resource, money, or time. For example, "The company had a large expenditure of resources in order to complete the project on time."
Exact(56)
The biggest expenditure of all is not unemployment but pensions.
Chronic disease dominates the expenditure of the cash-strapped NHS.
But the expenditure of attitude must have been tremendous.
The average total expenditure of Hackney's schools is £8,528.50.
"Communication requires expenditure of funds," Mr. Bopp said.
The average total expenditure of its schools is £4,310.05.
Whichever the case, his expenditure of power was total.
Certainly, the vast levels of military expenditure of the past 20 years cannot be sustained.
A lucid interval, and a great expenditure of effort, permit you to look at the clock.
"It's the biggest expenditure of public money New Jersey has ever undertaken," said Mr. Neafsey.
Similar(1)
See United States: General government final consumption expenditure (% of GDP), available at http://www.quandl.com/WORLDBANK/USA_NE_CON_GOVT_ZS-United-States-General-government-final-consumption-expenditure-of-GDP.
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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