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Meanwhile, it emerged that dozens of schools have failed to open because there is shortfall of 21,000 teachers, the result of Education ministry cuts.
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The proposed budget for the financial year 2013-2014 conoains no further cuts but predicts in 2014-15 there will be shortfall of £46.5m, in 2015-16 a shortfall of £50.1m and in 2016-17 a shortfall of £36.3m.
He also stated that the optimal number of staff required is 121, hence there is a shortfall of manpower.
According to Srinivas Reddy, Bangladesh director for the International Labour Organization (ILO), which is administering the fund, there is a shortfall of $8.5m.
According to Time Magazine, there is going to be a shortfall of 63,000 doctors – mostly GPs – in America by 2015.
For state schools the pickings are even thinner.As a result, this week's inquiry estimates that there is a shortfall of 3,400 maths teachers.
And 16% of social scientists in UK universities are from other EU countries, often helping to fill posts where there is a shortfall of UK skills.
This means that there is a shortfall of $3.1tn.
The IFS says there is a shortfall of £44bn.
Across the UK as a whole, there is a shortfall of at least 50 beds.
Selling it off at these prices is a shortfall of about £13bn.
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