LOS ANGELES -- The state Department of Finance yesterday said California's economic situation is "the worst since the late 1930s" and called for $5.7 billion of cuts from the governor's fiscal 1993 budget proposal.

In a 13-page report released yesterday, finance officials urged major reductions to bring expenditures in line with updated revenue forecasts for the $43.8 billion general fund budget proposed by Gov. Pete Wilson in January for the fiscal year starting July 1.

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