"underspend" is a correct and usable word in written English.
You can use it when you're talking about spending an amount of money that is less than an allotted amount. Example sentence: They underspent their budget by nearly 20%.
Some of the £30m is expected to come from an underspend on the £250m set aside to roll out superfast broadband across the country.
The remaining £10m of cuts is apparently meant to come from department underspend and efficiencies that arise as a result of lower than anticipated inflation.
Google sets a budget for each trip, and employees who underspend them get credits they can donate to charity or use for future perks like flight upgrades.Concur, a travel- and expense-management firm, has seen its corporate clients' Airbnb bookings grow from a rounding error at the start of 2012 to more than $1m so far this year.
In the words of Andrew Smith, the treasury chief secretary, "you don't turn around capital expenditure overnight".This confidence would be more credible if it did not follow an underspend last year.
Labour's narrative was once devastatingly clear: the revenues from a buoyant economy should correct the historic underspend on public services.
A fair guess is that it will underspend its budget by £660m or so.
Provinces and municipalities, responsible for things like housing, water and sanitation, routinely underspend their capital budgets.
It states that there is a "shocking underspend" on global research and development aimed at renewable energy – amounting to just 2 per of total global public funding on research.
The most important one is that the Government is still on its (downwardly revised) course for correcting the deficit; indeed, it is running a little ahead of its target for this year, thanks largely to a £3bn underspend by government departments.
It also calls for a £248m underspend on the programme – because of "under-performance" by providers – to be ploughed back into helping disabled job-hunters.
