Treasury Announces Marketable Borrowing Estimates
October 30, 2023 / Source: Treasury
WASHINGTON — The U.S. Department of the Treasury today announced its current estimates of privately-held net marketable borrowing[1] for the October – December 2023 and January – March 2024 quarters.
- During the October – December 2023 quarter, Treasury expects to borrow $776 billion in privately-held net marketable debt, assuming an end-of-December cash balance of $750 billion.[2] The borrowing estimate is $76 billion lower than announced in July 2023, largely due to projections of higher receipts somewhat offset by higher outlays.[3]
- During the January – March 2024 quarter, Treasury expects to borrow $816 billion in privately-held net marketable debt, assuming an end-of-March cash balance of $750 billion.[4]
During the July – September 2023 quarter, Treasury borrowed $1.010 trillion in privately-held net marketable debt and ended the quarter with a cash balance of $657 billion. In July 2023, Treasury estimated borrowing of $1.007 trillion and assumed an end-of-September cash balance of $650 billion. The increase in privately-held net market borrowing was $3 billion: changes across all major components were small.
Additional financing details relating to Treasury’s Quarterly Refunding will be released at 8:30 a.m. on Wednesday, November 1, 2023.
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