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"If the company is not able to rectify this cash shortfall position very quickly, the company will become insolvent and therefore is very likely to go into liquidation," the statement said.
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Projected oil revenue shortfalls in the current fiscal year will shift the budget into a large deficit position.
Brady has proposed cutting taxes by $1 billion in the face of Illinois' $13 billion revenue shortfall, a position so extreme that it's not even embraced by the radical free market Illinois Policy Institute.
To help close a $7.2 million shortfall, 93 positions, including teachers and administrators, will be eliminated.
They might say something like, �by chance we have an extra position��and then call up the candidate they liked less and say they�ve had a budget shortfall and are one position short.
To make up the shortfall, 40 city staff positions were left vacant this year and 65 part-time employees were let go.
However, the sanctioned positions sometimes do not reflect the actual shortfall of MOs, as the sanctioned positions are sometimes less than what is required by the health system based on population or Indian Public Health Standards norms.
Filling the shortfall of 2,400 or so positions would reduce waiting times for job applicants, but more importantly, it would give our diplomatic corps the time to get out from behind our desks to communicate with locals, the resources to plan for and respond to emergencies and major events, and the career flexibility to get the training we need to be ready for future challenges.
"This huge shortfall indicates that the outstanding short position cannot be solely on behalf of producers, because there is a far larger outstanding position that could possibly be hoped to be mined this year, " Thanagvel wrote today.
"The fiscal position remains concerning and any marked shortfall in economic performance would see the borrowing numbers at uncomfortable levels.
The government has raised its market borrowing for this fiscal year by a sizable 53,000 crore Indian rupees (530 billion rupees or about $10.8 billion), citing a shortfall to the National Small Savings Fund and a weak cash position (Financial Express).
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