WASHINGTON –Treasury has announced its current estimates of privately-held net marketable borrowing for the April – June 2024 and July – September 2024 quarters.
During the April – June 2024 quarter, Treasury said it expects to borrow $243 billion in privately-held net marketable debt, assuming an end-of-June cash balance of $750 billion. The borrowing estimate is $41 billion higher than announced in January 2024, largely due to lower cash receipts, partially offset by a higher beginning of quarter cash balance.
During the July – September 2024 quarter, Treasury said it expects to borrow $847 billion in privately-held net marketable debt, assuming an end-of-September cash balance of $850 billion.
During the January – March 2024 quarter, Treasury borrowed $748 billion in privately-held net marketable debt and ended the quarter with a cash balance of $775 billion. In January 2024, Treasury estimated borrowing of $760 billion and assumed an end-of-March cash balance of $750 billion. Privately held net marketable borrowing was $12 billion lower largely because higher cash receipts and lower outlays were partially offset by a $25 billion higher ending cash balance, Treasury said.
Additional financing details relating to Treasury’s Quarterly Refunding will be released May 1.
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