overbudget

[oh-ver-buhj-it]
adjective
costing or being more than the amount alloted or budgeted: The building is half-finished and it's already overbudget.

Origin:
from prepositional phrase over budget, erroneously taken as a compound

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Based on the Random House Dictionary, © Random House, Inc. 2014.
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His primary job was to bring the production, which was overbudget and behind schedule, to a close.
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