shortfall

IPA: ʃˈɔrtfɔɫ

An instance of falling short, of not meeting a quota, an obligation, or more generally any expected target.
The amount by which such a quota, obligation, etc., was missed.

Examples of "shortfall" in Sentences

The $8 billion shortfall is one of the largest crises Ohio has ever faced.
Occasionally reform opponents will say there's no crisis now, but there was then -- but the shortfall is actually bigger now.
However, Basu and other economists suggest that the majority of the shortfall is because of the bad economy rather than the way Marylanders reacted to the tax increase.
One way to make up for the loss in revenue from privatization as well as cover the existing revenue shortfall is dramatically but gradually to cut Social Security benefits.
Scrapping the cap on earnings subject to the payroll tax, while not counting earnings above the cap toward benefits, would eliminate Social Security's entire long-term shortfall.
Social Security's long-term shortfall grows about $1.2 trillion annually — a sign of an imbalance between the number of young workers and older beneficiaries, according to the Social Security trustees' annual reports.