Pointing a finger of blame at the national recession, New York's budget director yesterday released a report saying the state faces a projected $689 million budget gap for fiscal 1992.

Meanwhile, New York City's budget gap could reach $250 million in its fiscal 1992 budget, which began July 1, according to Philip R. Michael, director of the city's Office of Management and Budget. The state's budget woes could cause the city's fiscal problems to worsen, Mr. Michael said.

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