Questions about example sentences with, and the definition and usage of "Undershot"

The meaning of "Undershot" in various phrases and sentences

Q: What does undershot in " The government has good fiscal track record. In most years, the budgeted target would be undershot." mean?
A: This means the government spent less than the target amount.
When setting an expense budget, a designated amount of funds (money) is allocated: this is the budgeted target (the amount of money in the budget).

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