shortfall

UC officials told regents Wednesday that the 10-campus university system could face a $504.7-million financial shortfall in 2025-26 if the state makes good on warnings earlier this year to reduce higher education funding as it grapples with a budget deficit.

The US government is currently running an annual deficit - a shortfall between its spending and tax revenues - equal to around 6% of its economy.

The hospice sector has warned that increased employer NI contributions and rising wage bills could create a shortfall of tens of millions of pounds next year.

The shortfall was not for lack of trying.

The University of South Wales said it was predicting a shortfall of about £20m in 2024-25 and the action it was taking to address this was likely to include some redundancies.