Economie | 11:39 – 01/02/2021
Follow-up – Mawazine News
The US Treasury Department said on Monday that it plans to borrow $ 274 billion in the first quarter, which is much lower than November’s estimate of $ 1.127 trillion, with the decrease due to the high cash balance of the ministry at the beginning of January.
The Treasury said in a statement that first-quarter estimates assume a cash balance at the end of March of $ 800 billion.
The Treasury also said it issued $ 597 billion in net debt in the fourth quarter, ending the three-month period with a cash balance of $ 1.729 trillion.