WASHINGTON -- The federal budget deficits for this fiscal year and next are expected to be much lower than originally projected, the White House said yesterday.

The deficit for fiscal 1994, which ends Sept. 30, is now projected at $220 billion -- $15 billion less than the Clinton Administration predicted in February and $85 billion less than projected before President Clinton's economic plan was passed last August, revised budget estimates released yesterday showed.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.