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"will be spending" is correct and usable in written English.
You can use it to express future action. For example: "We will be spending our vacation in Paris this summer."
Exact(57)
We will be spending £2.3bn over the next six years".
"Typically a school will be spending 75-80% on salaries.
"We will be spending this money on front-line staff.
Actually, she will be spending less: $1,550.
In September we will be spending three weeks in Scotland.
The agency will be spending billions of dollars.
We will be spending Christmas in Zanzibar and New Year's in Cape Town.
A friend and I will be spending a week in Venice in November.
Japan will be spending tens of billions of dollars on rebuilding after its tsunami.
The Conservatives announced this week that they will be spending £567 billion.
That's an infinitesimal sliver of the $45 trillion the government will be spending over that time.
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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