Meaning of overbudget

o•ver•budg•et

Pronunciation: (ō'vur-buj'it), [key]
— adj.
  1. costing or being more than the amount alloted or budgeted: The building is half-finished and it's already overbudget.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.