Correct

劳民伤财

/ láo mín shāng cái /
Strokes

Definition

waste of manpower and resources

Example

Definition

exhaust the people and drain the treasury; waste both labour and money

1
Zhèxiàng
这项
gōngchéng
工程
shí
历时
duōnián
多年
  
,
méiyǒu
没有
rèn
任何
xiào
效益
  
,
zhǐshì
只是
láomínshāngcái
劳民伤财
  

This project lasted for many years and only ended in a mere waste of labour and money.