deficit

noun2

1. •
   Deficiency in amount or quality; a falling short; lack.

   • The crop output this year has been comparatively small, owing to the deficit in rainfall.
2. •
   A situation wherein, or amount whereby, spending exceeds (e.g. government) revenue.

   • But Wall Street, which has a case of deficit-attention disorder, is no longer focused on a balanced budget. "The bond market only worries about one thing at [a time.] — 1996