shortfall

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.

Additionally, opponents question whether the policy would create revenue shortfalls for state and federal budgets, potentially triggering a wider tax burden on other groups.

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.