But finding sufficient new revenue to cover another big shortfall next year won't be easy.
"A lot of people will think that if this was my company and they had a big shortfall, people would be laid off," he said.
There is a big shortfall for the construction industry.
But many argue that the region's biggest shortfall is its lack of local power plants.
Economists had feared that a bigger shortfall for last month would have sent the pound down sharply.
The credits, along with a big shortfall in tax revenue, have swelled the budget deficit.
And every year afterward will bring a new shortfall, bigger than the year before.
The biggest shortfall of promotion efforts up to now has been their fragmented approach.
After a brief period of budget surpluses that ended in 2001, the government has run progressively bigger shortfalls every year.
Bush Administration budget experts have predicted a $163.3 billion deficit this year and private forecasters expect a bigger shortfall.