Usually means: Shortfall in budget or resources.
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We found 14 dictionaries that define the word deficits:

General (10 matching dictionaries)
  1. deficits: Merriam-Webster
  2. deficits: Collins English Dictionary
  3. deficits: Vocabulary.com
  4. Deficits, deficit's, deficits: Wordnik
  5. deficits: Cambridge Advanced Learner's Dictionary
  6. deficits: Wiktionary
  7. deficits: Dictionary.com
  8. deficits: Cambridge Essential American English Dictionary
  9. Deficits: Wikipedia, the Free Encyclopedia
  10. Deficits: TheFreeDictionary.com

Business (2 matching dictionaries)
  1. Deficits: Legal dictionary
  2. Deficits: Financial dictionary

Medicine (2 matching dictionaries)
  1. deficits: Merriam-Webster Medical Dictionary
  2. Deficits: Medical dictionary

(Note: See deficit as well.)

Definitions from Wiktionary (deficit)

noun:  Deficiency in amount or quality; a falling short; lack.
noun:  A situation wherein, or amount whereby, spending exceeds (e.g. government) revenue.
▸ Also see deficit


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