U.S. Treasury Increases Borrowing Estimate
(MENAFN) The U.S. Treasury Department revealed on Monday that it has increased its projected borrowing requirement for the third quarter of the current year, now estimating a total of $1 trillion.
According to a formal declaration from the Treasury, the anticipated cash balance by the end of September stands at $850 billion.
This revised borrowing projection is $453 billion more than what was initially projected in April.
The additional $453 billion in borrowing primarily stems from a smaller-than-expected starting cash balance at the beginning of the quarter and a forecast of reduced net cash inflows.
"Excluding the lower than assumed beginning-of-quarter cash balance, the current quarter borrowing estimate is $60 billion higher than announced in April," the statement noted.
Looking ahead to the final quarter of 2025, the Treasury anticipates borrowing $590 billion, maintaining a projected cash balance of $850 billion by the close of December.
The department also pointed out that it borrowed $65 billion during the April-to-June period, ending that quarter with a cash reserve of $457 billion.
Back in April, the Department had estimated it would borrow $514 billion in the second quarter, aiming for an end-of-June cash balance of $850 billion.
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