WASHINGTON -- The federal budget deficit dropped to $203 billion in fiscal 1994, which ended Sept. 30, President Clinton announced yesterday while campaigning in Cleveland.

Treasury Secretary Lloyd Bentsen noted in a subsequent statement that this fiscal year's figure is $52 billion less than the fiscal 1993 shortfall of $255 billion, which was $35 billion less than the all-time high of $290 billion reached in fiscal 1992.

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