IPA: /ˈaʊtɡoʊ/
KK: /aʊtˈgoʊ/
An amount of money that is spent or the process of spending money.
The company's outgo increased significantly this year due to new investments.
To go beyond a limit or to exceed something.
The expenses will outgo the budget if we are not careful.
Past: outwent
Past Participle: outgone
Outgo → It is formed from "out-" (meaning outside or away) and "go" (meaning to move or proceed). The word "outgo" means to move away or proceed outside.
Think of moving "outside" ('out-') when you "go" somewhere — that's what outgo means.