It might be possible to delete the disk4s4 partition, and then expand the Time Machine partition to use up the freed space. I'm not sure how to do it, though, and it might take Terminal commands(?).
But maybe not -- if you delete the disk4s4 in Disk Utility, maybe it will let you drag the existing TM partition larger? It might. In any case, deleting the disk4s4 seems safe enough (assuming you don't care what's on it).
If that didn't work, then I would delete both the disk4s4 and the existing TM partition and then create a new bigger one for TM from that free space. However, note that this will delete all the data on the TM partition! If it is your only backup... well, that's a little risky, too...