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When Keating rose on 19 August to deliver the budget he predicted a deficit of $3.5bn.
Last year the German government predicted a deficit of 1.5% but the actual figure was 2.6%.
For the coming fiscal year, Mr. Tsang again predicted a deficit of $628 million.
While Obama had predicted a deficit of nearly $1.2 trillion for 2010, the CBO puts next year's budget gap at nearly $1.4 trillion.
Joshua B. Bolten, director of the White House Office of Management and Budget, summed up the burdens when he presented Mr. Bush's latest budget proposal and predicted a deficit of $521 billion for this year.
With just two more months of the fiscal year to go, tax and spending experts the Institute for Fiscal Studies predicted a deficit of £169bn, compared with Darling's forecast £178bn.
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In July, the authority predicted a deficit for next year of $900 million, prompting Mr. Sander to call for an 8percentt increase in fare and toll revenues and additional financing from the state and city.
In July the authority predicted a deficit for next year of $900 million, prompting Mr. Sander to call for an 8percentt increase in fare and toll revenues and added financing from the state and city.
In 2015 the government predicts a deficit of 3.6% of GDP, even with its optimistic assumptions about oil prices.
The comptroller's office had been predicting a deficit of at least $3.6 billion, and that will grow if tax collections fall by an estimated $567 million.
France predicts a deficit of 4percentthis yearand and the French premier, Jean-Pierre Raffarin, said he intended to cut taxes this year and next to bolster the economy.
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