It may NOT be the case at your company, but over the years I've seen total stupidity at many companies with regards to engineering budgets or lack thereof.
Consider an engineer - let's say that hypothetical engineer is paid $100K a year. They talk to their manager - and say 'Hey I if I could spend $20K I could quadruple the number of build,test,debug cycles I get done in a day - they currently take 5 hours on average. 4 hours of that is building and running the test suite.
Many managers would say 'You're out of your damn mind! - $20K that's a car!'. They are, of course, killing the company. Even if that engineer is out by a factor of two, and they can only double the number of cycles they get done in a day - you just basically turned down buying another 'magical engineer' who somehow instantly knew the problem-space, knew the details of the environment, and was instantly efficient for $20K.
The managers are ALSO forgetting is that many studies have shown that ruthlessly limiting the number of people working on a project is one way to improve chances of success. This was directly shown in spades to IBM when Control Data built the 6600 - the total CDC team was 34 people including the janitor.
A wise manager would say - 'Let's talk this through', and check the engineers thinking. Maybe ask another engineer. If it looks good then go for it. Even if it lets the engineer turn those 5 hour cycles into 4 hour cycles - it's paid for itself.