Definition, Meaning & Synonyms
budget-shortfall
noun
/ˈbʌdʒɪt ˈʃɔːrtfɔːl/
Definition
A budget shortfall occurs when expenses exceed the anticipated income or budgeted amount, resulting in a deficit.
Examples
- The government faced a budget shortfall, leading to cuts in public services.
- Due to unexpected costs, the company had a significant budget shortfall this quarter.
- To address the budget shortfall, they implemented a hiring freeze.
Meaning
It signifies a situation where an organization, government, or individual does not have enough revenue to cover their planned expenditures.
Synonyms
- deficit
- shortage
- insufficiency
- lack
