US Treasury raises debt forecast

The ministry announced its debt estimates for the April-June and July-September periods of this year.

In the statement, it was indicated that the Treasury is expected to borrow $726 billion in the second quarter of this year.

It is stated in the statement that the cash balance is estimated at 550 billion dollars at the end of June, and the debt forecast is 449 billion dollars more than the forecast announced in January.

In the statement, it was reported that the Treasury is expected to borrow $733 billion in the July-September period and the cash balance at the end of September is expected to be $600 billion.

178 BILLION DOLLARS

The statement indicated that the Treasury owed $657 billion in the January-March period, and that the cash balance was $178 billion at the end of the quarter.

In the forecast shared in January, the Ministry announced that the Treasury was expected to borrow $932 billion in the first quarter of the year, and that the cash balance at the end of March would be $500 billion. (AA)