DEFICIT

[noun] [C] - the total amount by which money spent is more than money receivedThe country is running a balance-of-payments/budget/trade deficit of $250 million.The UK's deficit in manufactured goods fell slightly in the last three months.In the year to February, Australia's current-account deficit narrowed/widened slightly to 9.2 billion dollars.Congress has passed a budget plan intended to help reduce/cut the federal deficit.