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The expected sales tax figure would mean the second sales tax shortfall since 1990.
He said the transit tax shortfall was a last-minute development.
The same tax shortfall plays havoc with the UK's finances, though on a smaller scale.
If it had, he said, the estate tax shortfall would be higher.
Mr. Megna estimated that the shifting mix of cash and stock accounts for about half the tax shortfall so far.
In recession, however, Mr Koizumi will have to issue more bonds simply to cover the government's tax shortfall.
Similar(42)
They are driven by rising health care costs and chronic tax shortfalls.
Tax shortfalls alone have made it hard to stay beneath the cap.
While other states were struggling with tax shortfalls, Alaska was able to put away $17 billion in a rainy-day fund.
The money raised represents a good chunk of Kenya's budget, and makes up for recent tax shortfalls.
This week, the question is whether Hans Eichel, the finance minister, will have to go if the government borrows more money to cover huge tax shortfalls.
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