Amazon's Budgets tab (Campaign Manager) reports "average time in budget" per campaign — how much of the day the campaign actually spent before running out. Read alongside ACoS, this tells you which lever to pull:
This is the diagnostic that motivates Bid Management as the Real Spend-Control Lever, Not Budget Caps: budget is only the right thing to adjust when time-in-budget is low, and in a well-bid account that's the less common case.
Budget utilization only tells half the story — pair it with ACOS to decide whether to move budget or bids:
Reading utilization without ACOS (or vice versa) leads to the wrong lever getting pulled — e.g. raising budget on a campaign that's actually bid-constrained.
Budget utilization near 100% isn't read on its own — it's cross-checked against ACOS. Utilization at or near 100% paired with a good ACOS is the signal to increase budget: the campaign spends everything it's given and does so profitably. But utilization that stays well below 100% paired with a mediocre ACOS gets reframed as a bidding problem, not a budget problem — bids aren't aggressive enough to win the auction and spend what's already available, so the fix is raising bids, not raising budget.