U.S. Immigration focus on U.S. Economic trends: The U.S. Department of the Treasury issued a statement on the 4th, announcing plans to issue a total of $531 billion in net marketable debt during the six-month period from October of this year to March of next year.
The statement indicates that between October and December of this year, the U.S. Treasury plans to issue $266 billion in net marketable debt, with an estimated cash balance of $140 billion by the end of December; this issuance scale is $32 billion higher than the July forecast. From January to March of next year, the Treasury plans to issue $265 billion in net marketable debt, with an estimated cash balance of $45 billion by the end of March.
Data shows that in the third quarter of this year, the U.S. Treasury issued a total of $197 billion in net marketable debt, which is $12 billion less than the scale predicted in July, primarily due to lower cash balances at the end of the quarter and reduced government spending.
Data recently released by the U.S. Treasury shows that due to increased tax revenue and reduced government spending, the U.S. government's fiscal situation has improved. In the 2013 fiscal year, which ended at the end of September this year, the U.S. federal government's fiscal deficit was approximately $680 billion, marking the first time in the past five fiscal years that it has fallen below $1 trillion. The ratio of the fiscal deficit to gross domestic product has dropped from nearly 10% in fiscal year 2009 to 4.1%.
Net marketable debt refers to U.S. Treasury securities that can be resold on the market. In addition to this, the U.S. Treasury also issues non-marketable debt to institutions such as the U.S. Social Security Trust Funds for financing purposes.