Whereas the budget target was 10,000 shillings (£4.20) per pupil, it is stuck at only 4,735 shillings (£2) per pupil.
Although it can ease austerity, it will have to find another way of arriving at the same budget target.
But the Netherlands also said it would miss its budget target for this year, with a deficit of 4.5%.
When he set his budget target last November, Mr Eichel had been expecting German growth to be 2% this year.
At the end of last year, inflation in Ghana was running at 17.7%, well above the budget target of 13.7%, "It is difficult.
Overall there is expected to be around €900 million raised in new taxes to reach today's budget target of savings.
Both sides have indicated that a probable deal would impose a budget target and enforcement triggers, like automatic spending cuts, if the target was not met.
To reach the government's balanced-budget target, spending is to fall by $9.2 billion, or almost a fifth, compared with this year.
Some officials admit to a slip-up over this year's budget target, which Mr Rajoy wanted to be 5.8% of GDP whereas Brussels insisted on 5.3%.
Mr. Samaras's government has insisted on the need to attract foreign investments to raise revenue, which fell 7 percent short of the budget target last month.
If layoffs are necessary to meet Governor Cuomo's budget target, members of those unions could face job cuts if they refuse to make similar concessions.
