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The phrase "deficit with" is correct and can be used in written English.
It is typically used to describe a lack or shortage of something in comparison to another thing. Example: The company has been struggling with a deficit in revenue for the past few months. In this sentence, "deficit with" is used to describe the company's lack of revenue in comparison to their usual earnings.
Exact(57)
We conveniently finance our deficit with dollars.
But the deficit with Germany widened markedly.
The deficit with China received the most attention.
Japanese officials often complain of a trade deficit with China.
The deficit with European nations and Japan, however, eased.
The deficit with Western Europe was wider, at $5.8 billion.
He explained the budget deficit with charts and even humor.
In September, the trade deficit with China widened.
The deficit with Western Europe fell to $4.6 billion.
The trade deficit with Europe and Japan did not narrow.
The Nets trimmed the deficit with help from Garnett.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com