financial difficulties; financial trouble
Refers to a state of financial hardship, often used for governments, organizations, or individuals facing monetary problems.
The company is in financial difficulties.
The project was canceled due to financial difficulties.
財政難 is the compact, everyday term for financial difficulties seen in headlines, while 財政困難 is a more formal, explicit synonym often used in official reports.
Compound of 財政 (finance) and 困難 (difficulty).