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Part of the fall is due to job cuts, the OBR added.
He does not think the OBR is being "wildly optimistic".
- the OBR figure is a long run theoretical differential not a forecast.
- the OBR is nothing of the sort.
Cameron says it's up to the OBR to make forecasts.
The OBR assumes interest rates based on current market expectations.
This year the OBR expect it to fall again to £127 billion.
It is predicted to go to 1.73 by 2015 by the OBR.
Instead he referred to different figures from the OBR.
Every budget and OBR report predicts what will happen to the key indicators.
The prime minister said the OBR forecast was independent of the government.
Hope someone is closely monitoring the OBR and their predictions.
About as much use as the growth forecasts of the OBR.
According to the Treasury, the OBR will not be a large team.
The OBR stated then inflation would stand at 1.6pc for 2011.
However, OBR predicted there will be no second recession.
So much for the independence of OBR forecasts, which look far too rosy.
What will unemployment be at the time of the next autumn statement on the OBR figures?
"It's the old joke about the past being more difficult to predict than the future," the OBR chief said.
That seems fair enough; it's what the technocrats at the OBR are saying too.
The OBR has not published forecasts on a sub-national level.
Listed below are confirmed dates for various OBR events and publications.
When parliamentary questions to minister fall within the responsibility of the OBR, we are asked to reply.
We heard clearly from the OBR last week: the economy is in a worse state than we thought.
The OBR, it should be said, has yo-yo-ed somewhat on this issue.
David Cameron is passing the buck on to predicting when unemployment figures will go lower on to the office of budget responsibility.
They say that above-inflation increase in the police precept is at a level forecast by the Office of Budget Responsibility.
Precisely a year ago, the independent Office of Budget Responsibility said the UK would grow 2.6pc in 2011.
The official forecast from the Office of Budget Responsibility is that the UK economy will grow by 0.7pc in 2012.
Robert Chote is a British economist and current chairman of the Office of Budget Responsibility.
According to the Office of Budget Responsibility, real household disposable income will fall 2.3 per cent during 2011-the biggest drop since the Second World War.
According to the Office of Budget Responsibility (OBR), the figure will increase to £2.8 billion in 2012/13.
The Office of Budget Responsibility has cut GDP growth forecasts from 2.5pc to 0.7pc for 2012.
Yesterday's Office of Budget Responsibility (OBR) report found spending on social security and debt interest rose over the last year.
What annoys me is that the so-called "Office of Budget Responsibility" thinks its responsible to assume that europe will muddle through.
Alan Budd, chairman of the Office of Budget Responsibility (OBR).
According to forecasts published by the Office of Budget Responsibility, revenue raised from aviation tax in Britain will climb by a further £1 billion by 2015/16.
In September 2010, he was appointed as chairman of the Office of Budget Responsibility, succeeding Sir Alan Budd.
Moody's has downgraded its own forecast for British growth this year to 1.6pc from 2.0pc, below the 1.7pc forecast yesterday by the Office of Budget Responsibility.
The Government will recoup about £2.9 billion from APD this year, but £3.8 billion by 2015/16, according to the Office of Budget Responsibility.
That suggests that even when wages pick up - which is not predicted to happen until 2013 according to the Office of Budget Responsibility - these households may not benefit.
"Office of Budget Responsibility"--- they got that from George Orwell did'nt they, along with the Ministry for Peace etc.?
With the Office of Budget Responsibility predicting that the economy will grow by just 0.9% this year and 0.7% in 2012, everyone is hoping that the chancellor's policies do the job.
According to a report published this week by the Office of Budget Responsibility RPI is forecast to be running at twice the rate of CPI by 2016.
While GDP did expand in Q3 2012, the Office of Budget Responsibility (OBR) expects another decline in Q4 2012.
Two of his first acts were setting up the Office of Budget Responsibility and commissioning a government-wide spending review, to conclude in autumn 2010, to set limits on departmental spending until 2014-15.
The Office of Budget Responsibility, the new independent financial watchdog, will also publish downgraded forecasts for economic growth and the public finances over the next two years, although it is unlikely to forecast a recession.
The independent Office of Budget Responsibility, which the government set up last year to stop the Treasury from cooking the books, is forecasting growth of 1.7 per cent this year and 2.5 per cent in 2012.
Recent forecasts from the Office of Budget Responsibility suggest that by 2012 rail fares could increase by up to 13 per cent on some routes - compared with an average rise in wages of 2.2 per cent.
There is also frustration that the strike is occurring the day after the autumn budget statement, the point at which the Office of Budget Responsibility is likely to reveal how far off course the economy has been blown.
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