In Colombia it is the same as wasteful, wasteful. Botarate . Person who spends his money in abundance, without measure. It can also mean tarambana, crazy, thoughtless, hasty, dazed.
Female botarate.
I think by Hispanoamerica they also say so to our botarate, even using the plural, referring to the crazy person without judgment and also to the wasteful and manirrota.