FEDERAL DEFICIT SEEN AS EXCEEDING EARLIER ESTIMATES
Federal budget deficits will be higher than projected through 1988 even if Congress achieves all the spending cuts in the budget plan it approved last week, according to the Congressional Budget Office and Administration officials. The Congressional Budget Office projects the deficit at $175 billion in 1986, $163 billion in 1987 and $143 billion in 1988. Congressional sources said the projections were part of a final draft of a review to be made public next week. At the same time, Administration officials said today that rough estimates for the Administration figures to be made public at the end of the month show a deficit of around $185 billion in 1986, $155 billion in 1987 and $125 billion in 1988.