Meaning of the word "over budget" in English

What does "over budget" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

over budget

US /ˈoʊ.vɚ ˈbʌdʒ.ɪt/
UK /ˈəʊ.və ˈbʌdʒ.ɪt/
"over budget" picture

Adjective

costing more than the amount of money that was planned or allowed

Example:
The construction project is already two million dollars over budget.
We cannot afford to go over budget on this marketing campaign.