disbursement vs spending

disbursement and spending both are nouns.

Word	Noun	Adjective	Verb	Adverb
disbursement	Yes	No	No	No
spending	Yes	No	No	No

As nouns, disbursement and spending are synonyms defined as:

Other synonyms of disbursement include disbursal, outlay.

disbursement (noun)	spending (noun)
the act of spending or disbursing money	the act of spending or disbursing money
amounts paid for goods and services that may be currently tax deductible (as opposed to capital expenditures)	money paid out; an amount spent