"it spend" is not correct and usable in written English.
You would need to use the verb "spend" instead. Example: She spends many hours each day studying for tests.
Central government has a target for 50% of its IT spend to go on cloud services by 2015.
In 2019, businesses will pour a massive $1.5 trillion of their IT spend on "communications services" technologies, Gartner predicts.
And what will it spend its $1 on?
How much time does it spend with its pups?
How much does it spend on its global presence?
Did it spend much of its spare time at Trump rallies?
Porsche accumulated €9bn of debt in its controversial attempt, which saw it spend around €23bn on stake building.
How does the Zurich-based multi-million-pound organisation make its money and what does it spend it on?
If you have it - spend it.
"Brand Qatar" is what some people call it - spend wisely, give generously, and keep your name in the public eye.
In the past, marketers had a use-it-or-lose it, spend-it-to-keep-it mentality.
