英语文摘:U.S. federal government to borrow 444 bln USD in second half

WASHINGTON, July 29 (Xinhua)-- The U.S. Treasury Department on Monday announced that the federal government expected to borrow 444 billion U.S. dollars from the market to fund its operation in the second half of this year.

During the July-September quarter this year, the department expected to issue 209 billion dollars in net marketable debt, assuming an end-of-September cash balance of 95 billion dollars, the department said in a statement.

During the October-December quarter, the department expected to issue 235 billion dollars in net marketable debt, assuming an end- of-December cash balance of 80 billion dollars, said the statement.

The budget deficit of the U.S. federal government topped around 1.1 trillion U.S. dollars in the 2012 fiscal year ending in September, about 207 billion dollars less than the 2011 fiscal year. But it was the fourth consecutive fiscal year that the U.S. federal government's budget deficit surpassed 1 trillion dollars.

Due to financial crisis and economic recession, borrowings of the U.S. federal government increased dramatically over the past years.

The U.S. federal government ran a record budget deficit of 1.41 trillion dollars in the 2009 fiscal year and a 1.29-trillion- dollar imbalance in the 2010 fiscal year.