shortfall
amount missing from expected total an amount that is missing that would make the total expected sum
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amount missing from expected total an amount that is missing that would make the total expected sum
The employers assume some of the risks by, for example, being obligated to replenish any shortfall in the pension fund. The pensioners and actives assume some of the risk via, for example, partial (instead of full) compensation for inflation.
By Theo Kocken
reforms were to be implemented. New elections are due by 2013 while the UK foreign office commited to paying off old government debts and cover revenue shortfalls.
6% of GDP in 2008. However, shielded by euro membership, Greece initially appeared to be relatively unaffected by the global financial crisis. Greek banks were free of toxic debt and the budget deficit forecast for 2009 of 5% of GDP appeared relatively modest compared with the large shortfalls projected
In the March 2010 budget, the government predicted that its deficit for the fiscal year ended March 31, 2010 would hit a record C$53.8 billion. With the first 10 months of the fiscal year complete, the shortfall stood at C$39.6 billion.
Definitions of ’shortfall’ and meaning of ’shortfall’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’shortfall’ and other financial terms with our online QFINANCE Financial Dictionary.