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A study by the Basel committee in 2011 found more than 200 banks had a total shortfall of €1.8tn (£1.4tn) in meeting the 2010 LCR.
That is $300,000 per public worker, nearly eight times its pension shortfall.Chris Edwards and Jagadeesh Gokhale of the Cato Institute, a libertarian think-tank, reckon that America's state and local governments face a total shortfall in their health-care plans of $1.4 trillion.
Though the orchestra points out that this decline was partly offset by 2011 flood recovery funds from the Federal Emergency Management Agency, it contributed to a shortfall of $11.7 million for the fiscal year that ended last July — and a total shortfall of $39 million since 2009.
We have a weak economy because the housing bubble collapsed," said Baker in a note to HuffPost and Politico "The collapse cost us $700 billion in annual construction demand and $500 billion in annual consumption demand, for a total shortfall in private sector demand of $1.2 trillion".
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New estimates from the Congressional Budget Office show that the states face shortfalls of $700 million this year and a total shortage of $13.4 billion from 2008 to 2012.
Public-worker pensions are only 37% funded a total shortfall of $22 billion for a city with an annual budget of $7.3 billion.
Since the earthquake and tsunami last month, the company has lost more than a quarter-million units of production; the total shortfall for Japan's seven largest automakers amounts to 510,000, according to a trade publication, Automotive News.
The TWDB forecasts a total statewide shortfall of 8.3m acre-feet by 2060, because the regions that have enough water cannot simply pipe it to the driest places.
It said it was confident about reaching an agreement with its banks and VSS, but if not, it would be unable to pay back the £30.6m and would have a total funding shortfall of £606m for the next 12 months.
She has between 31 and 63 children on her various school rolls, and is looking at a total £10,000 shortfall on providing UIFSM this year following the loss of the small schools grant.
WLGA finance spokesman Aaron Shotton, from Flintshire council, said: "While changes to local council tax rates are expected to raise around £48m to help protect local public services, councils are also having to make a number of tough decisions on what further cost saving measures can be taken to address a total budget shortfall of around £290m that they have been left to manage in 2014-15.
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