This creates shortfalls as investors seek financing to replace debts obtained before the financial crisis.
Previous budget cuts have already created shortfalls in translations and global communications.
Yet while many countries were moving ahead, the 2010 MDG Report warned that "unmet commitments, inadequate resources, lack of focus and accountability, and insufficient dedication to sustainable development have created shortfalls in many areas".
Federal contributions to Medicaid would decline, creating shortfalls that would lead states to cut coverage.
But if promotions and retirements create dangerous shortfalls in some precincts, some Impact officers may have to be moved to other spots, Mr. Kelly said.
Routine extensions of expiring tax credits and spending programs, which the Budget Office's projections do not encompass, will create more shortfalls even if the economy makes a speedy recovery.
Budget officials still maintain that the spending plan the Legislature enacted on May 15 over Gov. George E. Pataki's vetoes lacks enough revenue to cover the extra spending lawmakers added and will create budget shortfalls, a charge legislative leaders vigorously dispute.
GOP leaders, despite their previous insistence that they are the stewards of fiscal prudence, themselves now admit that these tax cuts will create budget shortfalls, perhaps a billion dollars or more over the next five years.
A nasty hurricane in the Gulf of Mexico or a political storm over Iran would, the theory ran, create a shortfall.
A toll of $5.67, more in line with existing CityLink freeway charges and inflation, would create a shortfall of $6.3bn.
"A sustained retrenchment of foreign capital will create a shortfall that should push more of these local corporates to seek alternative means of financing," Mr. Howladar said.
