While "aging" countries have reasons to be concerned about the financing of Social Security and health care for the elderly, public sector shortfalls can be compensated for by increasing the rate of saving, public and private.
But relying on a private-sector solution to a public-sector shortfall will also incur significant social costs and possibly doom Mr. Bloomberg's long-term vision for New York's transportation system.
Data from the Treasury showed that higher taxes helped Spain slash its state deficit by 46 percent in the first 11 months, leaving the country on target to meet its goal of reducing the broader public-sector shortfall to 9.3 percent of gross domestic product.
Domestic companies in every sector face shortfalls of capital, technology and management expertise, Mr. Allawi said.
Gujarat, an affluent state in the western part of India, has a severe shortage of obstetricians in the public sector (98% shortfall), leading to limited access to affordable CEmOC, particularly for poor rural women (13– 13).
In March the PRA had indicated that the sector had a shortfall of around £25bn although this figure is thought to have risen slightly.
"Residual waste and recyclate is very mobile these days and any municipal sector residual waste shortfall is more than likely to be made up by the C&I sector - which typically struggles to deliver its own landfill-alternative treatment infrastructure because it is unable to guarantee returns on long-term investment.
But she said that the commitment to defence spending and the NHS would leave other parts of the public sector with severe shortfalls, to bridge the gap between the £37bn of savings Osborne has to make a year by 2020 and the £17bn that is intended to be cut through a mix of welfare cuts and measures to tackle tax avoidance.
NASSCOM predicts that India's IT sector will face a shortfall of 500,000 professionals by 2010.
A Yes B No "The sector has a huge shortfall and the introduction of top-up fees, depending on how you did the calculation, is expected to make up for between 12.5% and 25% of the shortfall.
