Finance

US Treasury raises first-quarter borrowing assumption

The U.S. Department of the Treasury increased its first-quarter debt estimate for the first quarter of this year from $579 billion to $932 billion.

The Ministry announced the borrowing estimates for the January-March and April-June periods of this year.

In the statement, it was stated that the Treasury is expected to borrow $932 billion in the first quarter of this year.

It was stated in the statement that the cash stability at the end of March was assumed to be 500 billion dollars, and it was emphasized that the borrowing forecast was 353 billion dollars more than the forecast announced in October.

In the statement, it was reported that the Treasury is expected to borrow 278 billion dollars in the April-June period and the cash stability at the end of June is expected to be 550 billion dollars.

It was stated in the statement that the Treasury owed $373 billion in the October-December period of last year, and that cash stability was $447 billion at the end of the quarter.

In the claim shared in October, the Ministry announced that the Treasury was expected to borrow $550 billion in the last quarter of last year, and that the cash stability at the end of December would be $700 billion.