In February, the administration projected that it would pay off $167 billion this year.

The administration had initially projected that it would finish 65 sites in 2001.

In its budget update, the administration will project economic growth next year of 3.2 percent, a more robust projection than most private economists are making.

But the revenue is counted anyway, allowing the administration and Congress to project far smaller budget deficits than will actually be the case.

The Administration actually projects expenditure of $31.2 billion next year to rescue thrifts.

That figure is almost three times the gap that the administration projected in November.

In February, the Administration projected a $125 billion deficit this year.

The Dow hovers just under 8,000, interest on a 30-year mortgage is 7.5 percent, and the administration projects a deficit of $37 billion.

The administration projected a gradual improvement in the fiscal outlook over the rest of the decade.

And the administration now projects that revenue from sin taxes will drop $17 million more in the 1994 fiscal year, which begins on July 1.