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WASHINGTON — The U.S. Department of the Treasury today announced its current estimates of net marketable borrowing for the October – December 2016 and January – March 2017 quarters:
- During the October – December 2016 quarter, Treasury expects to borrow $188 billion in net marketable debt, assuming an end-of-December cash balance of $390 billion. The borrowing estimate is $6 billion higher than announced in August 2016.
- During the January – March 2017 quarter, Treasury expects to borrow $56 billion in net marketable debt, assuming an end-of-March cash balance of $100 billion.
During the July – September 2016 quarter, Treasury borrowed $222 billion in net marketable debt and ended the quarter with a cash balance of $353 billion. In August 2016, Treasury estimated net marketable borrowing of $201 billion and assumed an end-of-September cash balance of $350 billion. The increased borrowing was driven by a combination of modestly lower receipts, higher outlays, and the slightly higher end-of-quarter cash balance. [1]
Additional financing details relating to Treasury's Quarterly Refunding will be released at 8:30 a.m. on Wednesday, November 2, 2016.
