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What does underspending mean?

Looking for the meaning or definition of the word underspending? Here's what it means.

Verb
  1. present participle of underspend
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Examples
Over this period underspending has caused 39,9 billion euro of payment appropriations to be cancelled.
Thailand, too, he said, has significant room for expansion after underspending in recent years as a result of political distractions.
Any underspending in a board's allocation must be placed in the board's distant schools and rural schools reserve fund.
He said that the council had been underspending for too long and that was why services were now cut to the bone or had been scrapped over the past four years.
We have been underspending on our roading network for the past 20 years, and that is why we are in the current situation.
The cumulative effects of this turnover, plus savings resulting from a maternity leave, caused the underspending.

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