Spendthrift
Someone who wastefully spends money beyond their means / From Wikipedia, the free encyclopedia
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A spendthrift (also profligate or prodigal) is someone who is extravagant and recklessly wasteful with money, often to a point where the spending climbs well beyond their means. Spendthrift derives from an obsolete sense of the word thrift to mean prosperity rather than frugality,[1] so a "spendthrift" is one who has spent their prosperity.[2]
Historical figures who have been characterised as spendthrifts include George IV of the United Kingdom,[3][4] King Ludwig II of Bavaria,[5] and Marie Antoinette the Queen of France.[6]
The term is often used by news media as an adjective applied to governments who are thought to be wasting public money.[7][8]