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The phrase "a large deficit" is correct and usable in written English.
It can be used when discussing financial matters, such as budgets, economic conditions, or organizational finances, to indicate a significant shortfall in funds.
Example: "The government is facing a large deficit this fiscal year, which may lead to cuts in public services."
Alternatives: "a significant shortfall" or "a substantial gap".
Exact(60)
This led to a large deficit.
A large deficit is negative for the dollar.
We are the world's fifth largest economy, with a large deficit in trade with the EU.
No team has overcome such a large deficit to win a division.
Japan runs a large deficit in services, which reflects the country's penchant for international travel.
It says Brazil has a large deficit in an economy that is not growing.
Hollande inherited a bad situation: high unemployment (10.5 per cent), low growth, a large deficit.
The system expects to run a large deficit in this fiscal year.
"We raised musicians' salaries as well," continues Markov, "but that has created quite a large deficit.
The gap analysis indicates a large deficit of multi-aged pine forest.
Even with bold spending cuts, there will still be a large deficit.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com