The term "fiscal gap" refers to the difference between a government's projected revenue and expenditure over an extended period, usually measured in years. Full definition
If the tax were imposed, the resulting $ 100 billion a year in government revenue would do wonders to patch up the «looming fiscal gap» as baby - boomers retire. (treehugger.com)
Adding these up for the 11 states results in an estimated national fiscal gap of approximately $ 8 billion (almost half of which is in California). (educationnext.org)
For example, if a state's average per pupil spending exceeds the adequacy measure, but some of its districts do not, the estimated fiscal gap of zero for that state assumes it will redistribute some of its spending. (educationnext.org)