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Discover LudwigThe phrase 'the spending of' is correct and can be used in written English.
You can use it when you are referring to an amount of money that is being spent or allocated. For example: "The spending of $5 million on new facilities is vital for the future of the company."
Dictionary
Exact(59)
Track the spending of each of these independent groups here.
Mr. Bremer now controls the spending of Iraqi money.
The spending of precious resources for bloodshed abroad rather than for rebuilding at home.
Boggs, whose "Project: Pittsburgh" involves the spending of a million dollars of Boggs's art.
The spending of £38m during the summer was typical, and unsustainable.
The economic recovery has been helped in large part by the spending of the most affluent.
"Businesses that depend upon the spending of other businesses are benefiting," Mr. Kelly said.
And it prohibits the spending of hard-currency earnings on local goods and services.
He added, "I'm not responsible for the spending of public money, and I reject corruption".
The world is counting on the spending of consumers like Li and Tian.
And the spending of the American Red Cross is incredible opaque.
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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