Sentence examples for hidden shortfall from inspiring English sources
A spokesman for the state comptroller, Thomas P. DiNapoli, disputed the assertion that the pension fund had a hidden shortfall.
An independent analysis of California's three big pension funds has found a hidden shortfall of more than half a trillion dollars, several times the amount reported by the funds and more than six times the value of the state's outstanding bonds.
State and local pensions — another form of promised debt, guaranteed in some states by their constitutions — face hidden shortfalls of as much as $3.5 trillion by some calculations.
Moody's noted that the transactions did vary, and that not all of them caused hidden capital shortfalls.
The depth of the state's revenue shortfall was also hidden because it employs a two-year budget cycle and had used billions in federal stimulus money to avoid cutbacks in 2010.
The state has not hidden the fact that its pension funds have big shortfalls, she said, and there was no reason to think the S.E.C. might lodge a complaint against it, as it did with New Jersey.
But the net deficit in 2005-06 hid a much bigger gross shortfall of £1.3 billion among a third of the 600 NHS organisations in 2005-06, wasch was partially offset by surpluses in the rest of the health service.
There are three reasons for the shortfall: Active funds create tax burdens, they run up big expenses of the sort directors are supposed to monitor and they incur hidden transaction costs with their feverish trading.
