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WASHINGTON -- The U.S. Department of the Treasury today announced its current estimates of net marketable borrowing for the April – June 2017 and July – September 2017 quarters:
- During the April – June 2017 quarter, Treasury expects to borrow $26 billion in net marketable debt, assuming an end-of-June cash balance of $200 billion. The borrowing estimate is $24 billion higher than announced in January 2017.
- During the July – September 2017 quarter, Treasury expects to borrow $98 billion in net marketable debt, assuming an end-of-September cash balance of $115 billion.
During the January – March 2017 quarter, Treasury borrowed $40 billion in net marketable debt and ended the quarter with a cash balance of $92 billion. In January 2017, Treasury estimated net marketable borrowing of $57 billion and assumed an end-of-March cash balance of $100 billion. The decrease in borrowing was driven primarily by higher receipts.
Additional financing details relating to Treasury’s Quarterly Refunding will be released at 8:30 a.m. on Wednesday, May 3, 2017.
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