WASHINGTON -- President Clinton's budget, due to be released Feb. 7, is likely to show the deficit turning the corner and falling noticeably from previous forecasts to around $235 billion in the current fiscal year and $215 billion in fiscal 1995, a former top budget aide said yesterday.

Meanwhile, administration officials signed off Tuesday on a tentative economic forecast for next year that largely parallels the mid-session budget released in September, a senior official said.

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