WASHINGTON -- The U.S. Treasury yesterday reported that the government ran a $290.2 billion budget deficit in fiscal 1992, fulfilling the expectations of many analysts, who predict an even higher deficit next year.

Kathleen Stephansen, an economist with Donaldson, Lufkin & Jenrette Securities Corp., forecast a $312 billion deficit in fiscal 1993. "Our deficit estimate does not include any fiscal package put forth by either presidential candidate," she said in her company's weekly market commentary.

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