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It had expected a deficit of just £10m.
Analysts had expected a deficit of $106 billion after a previously reported shortfall of $109.6 billion in the first quarter.
For the fiscal year that ends this month, Ms. Fiordellisi said, she expected a deficit of about $100,000.
Senator Bruno said today that he expected a deficit of at least $2 billion this fiscal year, which ends on April 1, and at least $8 billion next year.
The market had expected a deficit of some A$41bn for the period.
But it said it still expected a deficit of £15.7m this year on its £406m budget.
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For this year, Mr. Wenglowski of Goldman , Sachsexpects a deficit of $215 billion.
The Commerce Department reports the merchandise trade balance for December; analysts expect a deficit of $8.8 billion, up from $8 billion in November.
He is now expecting a deficit of £167 billion in 2009-10, rathan this his earlier estimate of £178 billion.
The monthly increase in the trade deficit was the largest in nine years, surprising economists who were expecting a deficit of $27 billion.
That fretting, in turn, paved the way for Mr Bush's first tax cut.In its most recent projections, calculated in August 2003, the CBO expects a deficit of $1.4 trillion over the next decade, a huge shift from its estimates of three years ago.
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