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US Treasury to Borrow $1 Billion More Funds Than Anticipated

Sputnik International

The US authorities have revised upward their borrowing projections for the January-March quarter of 2017, intending to borrow $1 billion more than was... 30.01.2017, Sputnik International

2017-01-30T20:22+0000

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US Treasury to Borrow $1 Billion More Funds Than Anticipated

20:22 GMT 30.01.2017 (Updated: 11:31 GMT 06.08.2022)

CC BY 2.0 / Roman Boed / The US Treasury DepartmentThe US Treasury Department

The US Treasury Department - Sputnik International

CC BY 2.0 / Roman Boed / The US Treasury Department

The US authorities have revised upward their borrowing projections for the January-March quarter of 2017, intending to borrow $1 billion more than was anticipated in October 2016, the Department of the Treasury announced in a press release on Monday.

WASHINGTON (Sputnik) — Treasury is expected to borrow $57 billion in net marketable debt.

"During the January-March 2017 quarter, Treasury expects to borrow $57 billion in net marketable debt, assuming an end-of-March cash balance of $100 billion," the release stated. "The borrowing estimate is $1 billion higher than announced in October 2016."