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ReutersFILE PHOTO: A bronze seal for the Department of the Treasury is shown at the U.S. Treasury building in Washington, U.S., January 20, 2023. REUTERS/Kevin Lamarque/File Photo The U.S. Treasury Department said on Monday it expects to borrow $569 billion in the fourth quarter, $21 billion less than its July estimate.The decline is mainly due to a higher cash balance at the beginning of the quarter, which is partially offset by lower-than-projected cash flows.The borrowing estimate would have been $20 billion more than announced in July without the higher-than-expected cash balance, the Treasury said in a statement. The fourth-quarter financing estimate assumes a cash balance of $850 billion at the end of December.The Treasury also announced it expects to borrow $578 billion in the first quarter of 2026, assuming a cash balance of $850 billion at the end of March.In the third quarter, the Treasury said it borrowed $1.058 trillion, $50 billion more than it estimated in July, and ended the quarter with a cash balance of $891 billion.Live EventsThe $50 billion difference was primarily due to the higher end-of-quarter cash balance and lower net cash flows. Excluding the higher-than-assumed end-of-quarter cash balance, the Treasury borrowed $10 billion more than it expected in July, the Treasury said.Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) Read More News onUS Treasury borrowingfourth quarter borrowingUS government borrowingTreasury cash balanceTreasury borrowing estimateTreasury borrowing declineU.S. Treasury Department (Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless (You can now subscribe to our Economic Times WhatsApp channel)Read More News onUS Treasury borrowingfourth quarter borrowingUS government borrowingTreasury cash balanceTreasury borrowing estimateTreasury borrowing declineU.S. Treasury Department(Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless
