Projected US budget deficit shrinks by $100 billion

The projected US budget deficit unexpectedly has shrunk by some 100 billion dollars, thanks to an increase in tax revenue from corporations and wealthy Americans, the New York Times reported Sunday.
The daily reported that the White House was on Tuesday to release figures showing the budget deficit to be about 100 billion dollars less than projected six months ago.
An administration official contacted by AFP would not comment on the story Sunday.
Corporate tax receipts, as well as those from the affluent Americans, is expected to exceed last year's by some 250 billion dollars, the Times wrote.
The daily reported that tax revenues rose about twice as quickly as budget officials in President George W. Bush's administration had anticipated.