Meaning of the word shortfall in English

What does shortfall mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

shortfall

US /ˈʃɔːrt.fɑːl/
UK /ˈʃɔːt.fɔːl/
"shortfall" picture

Noun

a deficit of something required or expected

Example:
There was a significant shortfall in the company's revenue this quarter.
The government is facing a budget shortfall.