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"at a deficit" is correct and usable in written English.
You can use it when describing a situation in which something falls short of what is needed or desired. For example, "The company ended the year at a deficit of $500,000."
Exact(56)
Arts institutions run at a deficit".
The federal guarantor is already operating at a deficit.
"No organization can run at a deficit indefinitely".
hospitals ran at a deficit, a spokesman said.
Lately, she said, it had been operating at a deficit.
Most convention centers are run by public authorities at a deficit.
In fact, the Americans were at a deficit from the start of the tournament.
"You're working at a deficit personnel-wise, which will take time to recover from," Felton said.
The club emerged from bankruptcy proceedings two years ago but has operated at a deficit.
The club emerged from bankruptcy proceedings two years ago but operates at a deficit.
"He went out and did it, even if he operates at a deficit," Mr. Medina said.
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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