11.   Feldstein acknowledges that the short-term growth effects linked to increased investment and risk-taking are probably too modest to count in budget projections.

12.   For the last week, state legislators have grown increasingly testy about budget projections showing that the state will have little, if any, money to spare.

13.   Gore had earlier criticized the Texas governor for relying on overly rosy budget projections.

14.   In all but Hawaii, Tennessee and Idaho, revenues are running ahead of budget projections, letting most pour extra cash into rainy-day funds.

15.   In the past, foreign analysts paid little attention to budget projections, which frequently turned out to be off the mark.

16.   It will be especially hard to maintain discipline after new budget projections are released next month.

17.   Jones cautioned board members that the budget projection is conservative and preliminary.

18.   Long-term budget projections are notoriously inaccurate.

19.   Long-term budget projections have proven notoriously volatile and unreliable.

20.   Officials said, however, that they were increasingly confident that their initial budget projections would prove overly pessimistic, as they did last year.