STOCK MARKET BSE NSE

US federal government to borrow 531 billion dollar in six months

Published: 05th November 2013 10:32 AM  |   Last Updated: 05th November 2013 10:42 AM   |  A+A-

By IANS

The US treasury department Monday announced that the federal government would borrow $531 billion from the market to fund its operation in six months starting Oct 1, an official statement said.

During the October-December quarter of this year, the department expected to issue $266 billion in net marketable debt, assuming an end-of-December cash balance of 140 billion dollars, Xinhua reported.

It is also expected to issue $265 billion in net marketable debt in the first three months of next year, assuming an end-of-March cash balance of $45 billion, the department said in a statement.

The US federal government budget deficit fell to $680 billion for the 2013 fiscal year ending Sep 30, a drop of $409 billion from the previous fiscal year. It is the first time since the 2008 fiscal year that the annual budget shortfall has fallen below $1 trillion, according to a separate report of the department.



Full coverage State Elections 2013
Specials on: Narendra Modi | Rahul Gandhi | Sachin Tendulkar | World Chess Championship | VoXpress | Indian GP


Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

IPL_2020
flipboard facebook twitter whatsapp