spending vs disbursement

spending and disbursement both are nouns.

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

As nouns, spending and disbursement are synonyms defined as:

Other synonyms of spending include disbursal, outlay.

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