deficit

IPA: dˈɛfʌsʌt

Deficiency in amount or quality; a falling short; lack.
A situation wherein, or amount whereby, spending exceeds (e.g. government) revenue.

Examples of "deficit" in Sentences

The government's budget deficit has been steadily increasing over the past few years
The company's sales deficit in the third quarter is a cause for concern among shareholders
The athlete's performance suffered due to a caloric deficit in their diet
The trade deficit between the two countries has been a point of contention in recent negotiations
The school district is facing a significant deficit in funding, leading to potential cuts in programs and staff