The US Treasury reduces its borrowing estimates for the first quarter due to the increase in the cash balance

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.

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