spending review
nounUK /ˈspɛndɪŋ rɪˈvjuː/
US /ˈspɛndɪŋ rɪˈvjuː/
A spending review is a careful look at how much money is spent and how it should be planned.
The government announced a spending review to decide how to fund schools and hospitals.
OTHER MEANINGS
2. An official examination of a government department's budget to set future funding.
The spending review set new limits for each ministry over the next three years.
3. A company's internal check of its costs to find ways to save money.
After the spending review, the firm cut unnecessary travel expenses.
4. A periodic assessment of household or personal spending habits.
Our monthly spending review showed we were eating out too often.