shortfall
noun [ C ]
uk/ˈʃɔːtfɔːl/ usthe difference between the amount of something, especially money, that you have and the amount that you need:
a shortfall of sth The state is facing a budget shortfall of $1.75 billion for the fiscal year.
a shortfall in sth The organization is grappling with a major shortfall in its final salary pension scheme.
a shortfall on sth I recently received notification of a potential shortfall on my low-cost endowment.
make up/cover/meet a shortfall
a pension/funding/budget shortfall