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This paper compared future runoff projections using a Budyko type equation with respect to projections by a global hydrological model (GHM). The comparison was made for the annual mean runoff projections for a future period (2060-2100) after the Budyko parameter was set based on hydrologic model outputs at a present period (1960-2000). The objective of this study was to investigate the performance of the Budyko equation with respect to the hydrologic model at different climate regions. To address the question this study used the spatial average of runoff for the 35 largest basins in the world. According to the comparison, the projections by the two approaches agreed well (R2 = 0.983), in particular in humid tropic region (R2 = 0.986), but with consistent underestimation of future runoff (Median Error, ME = -0.042) by the Budyko equation. In subarctic region the performance of the Budyko equation was low (R2 = 0.599) due to the overestimation of future runoff (ME = 0.110). The results in the dry and temperate regions also showed some discrepancy (R2 = 0.931 and 0.724) without apparent patterns in the errors. The paper discussed possible reasons for the errors with respect to water and energy seasonality and changes in storage component contributions. [ABSTRACT FROM AUTHOR]