Already in 2025, the US government gathered about a customs income of approximately $ 100 billion and is on its way to three times this amount by the end of the year, said Finance Minister Scott Bessnt on Tuesday and emphasized President Donald Trump’s aggressive business policy.
Bessnt could reach $ 300 billion by December.
The US Treasury announced plans to rebuild its cash balance to $ 500 billion by the end of July after the recent passage to intervene tax and expenditure tax of President Trump, which included a significant increase in the indebtedness ceiling.
The Ministry’s cash balance has fallen to $ 372 billion since last week, according to the JPMORGAN reconnaissance note, significantly below the target scope. To deal with the shortage of the treasury, the publication of short-term state treasures (T-Bills) will sharply increase.
Overvoltage at T-Bill auctions
According to the updated instructions issued on Tuesday, the Ministry of Finance increased the size of a four -week and eight weeks of auction by $ 25 billion auctions, with a total of four weeks to $ 80 billion and eight weeks to $ 70 billion on Thursday. According to the action economy, this is the largest auction size since May 22.
The department will continue to rely on shorter securities-concretely four, six and eight weeks-on financing and replenishing reserves.
No new accounts for managing money
Importantly, the Ministry of Finance does not expect to issue additional cash management accounts (CMBS) to re-build their reserves, signaling confidence in the T-Bill market to absorb increased release. The CMB series announced on June 24 has now been completed, the department said.
By the end of September, the Ministry of Finance focused on the cash balance of $ 850 billion by the end of September, suggesting that further issuance will continue in the coming months because it will be in accordance with internal cash policy.
(Tagstotranslate) revenues from US tariffs in 2025
