NEW YORK, Jan 30 (Reuters) - The U.S. Treasury said on
Monday it expects to borrow $932 billion in the first quarter,
higher than the October estimate of $353 billion due to a lower
cash balance at the beginning of January and projections of
lower receipts and higher outlays for the period.
The first-quarter financing estimate assumes an end-March
balance of $500 billion, the Treasury said in a statement.
The Treasury also announced it expects to borrow $278
billion in the second quarter, with cash balance expectations of
$550 billion at the end of June.
In the last quarter of 2022, the Treasury said it issued
$373 billion in net marketable. It ended the quarter with a cash
balance of $447 billion.
(Reporting by Gertrude Chavez-Dreyfuss' editing by Jonathan
Oatis)
Messaging: rm://gertrude.chavez.reuters.com@reuters.net))
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