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Germany forecasts a deficit of 2.8% in 2002, but tax revenues are below predicted levels.
The IMF forecasts a deficit of over 6% of GDP this year in the combined federal and state budgets.
On that basis, it forecasts a deficit of 4.1 percent this year and 3.6 percent in 2014, in line with the country's pledge to its European partners to reduce its deficit to 3 percent in 2015.
The Conservative-run authority is to debate a £512m budget which freezes council tax but forecasts a deficit of nearly £133m over the next four years.
Similar(56)
As recently as a year ago, the Congressional Budget Office was forecasting a deficit of about $170 billion for fiscal 1997, an estimate that is turning out to be $130 billion too big.
Analysts had forecast a deficit of £6.63bn.
The government previously forecast a deficit of 3.5percentt of G.D.P.
He also forecast a deficit of $3.7 billion in the next fiscal year.
The European Commission is currently forecasting a deficit of 4.2%.
Economists had forecast a deficit of $43.8 billion in October.
Economists had forecast a deficit of £8.1 billion.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com