¡¡¡¡WASHINGTON, Feb. 13 (Xinhua) -- The White House on Monday projected that the U.S. federal government's budget deficit will reach 1.33 trillion U.S. dollars in the 2012 fiscal year ending September 2012.

¡¡¡¡The estimate was higher than the 1.1 trillion dollars predicted last month by the U.S. Congressional Budget Office (CBO), a non-partisan budgetary and economic research agency for Congress.

¡¡¡¡The White House forecast that the federal government's deficit will decline to 901 billion dollars in the 2013 fiscal year, according to the administration's 2013 fiscal year budget proposal sent to Congress on Monday.

¡¡¡¡U.S. President Barack Obama is scheduled to deliver remarks at Northern Virginia Community College in Virginia on his election-year budget proposal later in the day.