overshoot
verb [ I or T ]
uk/ˌəʊvəˈʃuːt/ usovershot | overshotto go further or do more than necessary or expected:
They didn't want to overshoot by laying off huge numbers of people and having to hire them back.
FINANCE
to spend more money than originally planned:
Government spending continues to overshoot.
overshoot (sth) by 10%/$10 million, etc. We overshot our budget this quarter by 12%.
Compare
undershoot
overshoot
noun [ S ]
uk/ˈəʊvəˌʃuːt/ us FINANCE
the act of spending more than originally planned, or the extra amount spent:
This projected overshoot is the biggest in any inflation report in the past three years.