Long-term budget forecasts have been notoriously wrong in the past several years.
"These figures suggest that the budget forecasts for business investment are very optimistic."
Contrary to the popular view, the Administration's budget forecasts for the year ahead have been too pessimistic.
The Republicans have a point when they say that recent budget forecasts have been too cautious.
In each succeeding annual budget forecast, the cost of staging the Games has risen.
They also review the annual budget forecasts for departments under their jurisdiction.
In previous years, lawmakers have tended to accept its economic and budget forecasts over those of the Administration.
The company had to revise its original budget forecast due to a sudden rise in energy costs.
A budget forecast is a moving target, as the city tries to estimate what revenues it will take in and measure those against estimated costs.
The official budget forecasts assume that those high tax payments will keep on coming.