Exact(7)
But it also predicts that tax revenue will fall short of administration projections by an additional $69 billion a year.
The arithmetic tells us why administration projections of the imminent demise of the insurgency have consistently been wrong.
Mr. Orszag, the budget office's director, told a group of business leaders in November that he was committed to reaching 3 percent of the gross domestic product by 2015, a formidable challenge since that is nearly a full percentage point below current administration projections for that year.
Altogether, 106,000 people enrolled in health coverage nationwide last month, a figure far below administration projections.
It warned that the administration projections, developed by the Department of Transportation, inexplicably added millions more outdated vehicles to the roads.
Elimination of 12 tax breaks to oil, gas and coal companies would raise $41 billion over the next decade, according to administration projections.
Similar(53)
About 106,000 people enrolled in Obamacare in October, far below the administration projection of 500,000.
The Obama administration welcomed the latest government projections, which it said underscored that the companies had largely ended the practices that led to the losses, so that loans they bought in recent years were not causing new problems.
Democrats called the administration's projections overly optimistic.
By the administration's projections, the budget would return to surplus in 2005.
Several Democratic legislators also raised questions about the administration's projections for attendance and revenue.
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